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Key Details
Sold Price $269,900
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Medford Village
MLS Listing ID 1002389852
Sold Date 05/20/16
HOA Y/N N
Originating Board TREND
Year Built 1917
Annual Tax Amount $6,104
Tax Year 2015
Lot Size 2,988 Sqft
Acres 0.07
Lot Dimensions 45X69
Property Description
This is a very rare opportunity to own a prime main street retail/residential mixed used building in Historic Medford Village. Presently, the first level includes a retail rental shop & second level is a stunning 2 bedroom apartment, which is completely upgraded...and, is leased until Dec 2016. Simply gorgeous. The total rental income was $2160.00 a month & could definitely be increased. The retail tenant downstairs has moved, thus opening up a fantastic opportunity to have a retail business on Main Street. Both units are completely independent with separate meters...except for the water and sewer. Parking on site plus free on street & public parking. A Full Dry Basement w/ Bilco Doors. Located in the business/retail core of restaurants, shops & offices. Under the present 413 "HVC" Historic Village Commercial the following uses include Shops, Retail, Clubs/Lodges, General offices, etc. High Visibility easily accessible ..located in the center of Prestigious Medford Village, NJ....directly across from the famous Historic Braddocks Restaurant, and a block from the newly opened Pop Shop. Prime location, 3 blocks to Route 70 and close to 295 Interchanges. Located in the business/retail core of restaurants, shops, & offices. This location is a very short distance to many surrounding amenities such as the Promenade Shopping Center, Cherry Hill and Moorestown Malls, many Famous Restaurants, High End Shops, and close proximity to Center Philadelphia.. Medford has expanded the scope of permitted retail and commercial uses (See Ordinance 2012-14). Prime location & easily accessible. Undoubtedly, these units have been excellently maintained & upgraded....Natural light throughout. This property is priced right, & won't last long. Excellent for owner occupancy, and, provides several options from an investment standpoint. Doesn't get much better than this. This is an opportunity for a very special purchase. This is being sold "AS IS"....Must be Court approved.
Location
State NJ
County Burlington
Area Medford Twp (20320)
Zoning HVC
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Flooring Wood, Carpet, Vinyl
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Waterfront N
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Road Frontage Boro/Township
Parking Type Parking Lot, On Street
Garage N
Building
Building Description Other, Ceiling Fans,Display Window,Fire Alarm
Foundation Stone, Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District Lenape Regional High
Others
Tax ID 20-01706-00007
Ownership Fee Simple
Acceptable Financing Conventional, Private
Listing Terms Conventional, Private
Financing Conventional,Private
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Bought with Mary Ann Holloway • Connection Realtors