501 TANSBORO ROAD, BERLIN, NJ 08009

$1,050,000

Sq. Ft.: 4,000

Type: Commercial

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Listing #NJCD2079864

Listing Courtesy of: Realty Mark Advantage (856) 457-4900

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A 4,000-square-foot commercial/retail building on 3.6 acres, located at the intersection of Tansboro and Taunton Roads in Winslow Township. It has the potential for an expansion of more than 2,000 square feet. New construction is underway near a residential complex with 142 single-family homes and 139 townhomes, and move-ins are expected to begin around next year. When that happens, the value of this property is likely to increase. Currently, this property houses a pizza shop, a convenience store, and a dry cleaner. One of these tenants is renting below market rate, and if adjusted to market rate upon renewal in 2026, a cap rate of approximately 7% could be achieved.

Listing Courtesy of: Realty Mark Advantage (856) 457-4900

Property Features

Location Information

County: CAMDEN

Municipality: WINSLOW TWP

Cross Street: TAUNTON

Latitude: 39.76920131

Longitude: -74.91976081

MLS Area: Winslow Twp (20436)

Interior Features

Heating: Forced Air

Heating Fuel: Natural Gas

Cooling: Central A/C

Exterior Features

Is New Construction: No

Foundation: Concrete Perimeter

Roof: Shingle

Septic or Sewer: On Site Septic

Water: Well

Lot Size in Acres: 3.6

Commercial/Industrial Type: Convenience Store/Gas, Oth

Approximate Net Sq. Ft.: 4,059

Additional Information

ListDate: 2024-11-13 00:00:00.0

Property SubType: Commercial Sale

Year Built: 1988

Status: Active

Tax Year: 2023

Tax Amount: $13,067

$ per month
Year Fixed. % Interest Rate.

Principal + Interest:	$
Monthly Tax:	$
Monthly Insurance:	$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

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BRIGHT(MRIS/Trend) data last updated at November 23, 2024 12:23 AM ET