Robert C. Weiss - Coldwell Banker Hearthside
246 S Route 130 S
BURLINGTON, NJ 08016

$1,395,000

Description

This property comes with some very unique opportunities. The owner is in the process of subdividing the property into two (2) separate parcels. Parcel #1 is approximately one (1) acre and contains a 4,525 square foot building. Parcel #2 is approximately one and a half (1.5) acres. It is undeveloped. Parcel #1 is leased to a used car dealership. They are presently in the first year of a five (5) lease. The tenant holds an option to purchase Parcel #1. Terms and conditions for the option will be released to serious prospects. If exercised the option will cover a majority share of the purchase price. Owner will absorb the cost of completing the subdivision under the right terms and conditions. The property has access on three sides, Route 130, Jerome Street and Greenwood Avenue. Parcel #2 is the perfect location for a Super Gas/Convenience Store, Daycare Center, Office Complex, Retail Center, Free-Standing Dollar Store or Self-Storage, etc. The property has everything that a developer could ask for including, easy access, high residential density in the surrounding five (5) mile radius and high traffic counts. Route 130 and the intersecting Route 541 are major retail and industrial corridors. The property is within two(2)to ten (10) miles of all major arteries, including, the NJ Turnpike, the PA Turnpike, I-95, I-295 and NJ/PA Bridges.

Details

MLS#1001543754
StyleIndustrial
Sub-TypeResale
StatusActive
Year1938
Days On Site88

Features

SQ Feet4,525
Story(s)0
ZoningC-3

Market Activity 08016

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Area Information

StateNJ
CityBURLINGTON
Zip Code08016
AreaBurlington City (20305)
Listing VS Median (in 08016)
Price:
$1,395,000
low | high
Med:
$174,500
100% of Average
SqFt:
4,525
low | high
Med:
2,078
100% of Average
$ / SqFt:
$308
low | high
Med:
$84
100% of Average
On Site:
88
low | high
Med:
88
100% of Average
Listing Updated: 08/17/2018
MLS Number: 1001543754
Listing Provided By:
John P Garruto  of  Arrow Real Estate Services

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