Bought with Sidney Benstead • BHHS Fox & Roach-Marlton
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5045-57 KAIGHN AVE Pennsauken, NJ 08109
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Key Details
Sold Price $1,105,000
Property Type Commercial
Sub Type Services
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJCD2057086
Sold Date 05/24/24
Year Built 1965
Annual Tax Amount $17,237
Tax Year 2022
Lot Dimensions 142.00 x 0.00
Property Sub-Type Services
Source BRIGHT
Property Description
Excellent opportunity on Route 38. Retail center with warehouse space available best suited for end user or investors. Four units total with long term tenants including a doctors office (2 units) and dance studio plus a 4,000 sq. ft. retail/warehouse end unit with loading dock. Ample amount of parking in the rear of the building located on a soft corner close to the Cherry Hill Mall along Route 38. 12,000 sq. ft. of total space with 142 ft frontage on Route 38 142X258 lot size. The dance studio currently pays $4050/month NNN and the Doctors office which occupies 2 units pays $4927/month plus NNN both tenants have long term leases in place. The 4k sqft. warehouse has a loading dock and drive-in door is projected to bring in $4800/month which would bring the total income to $163,200/year. Great asset for investors looking for a property in an excellent location with great tenants.
Location
State NJ
County Camden
Area Pennsauken Twp (20427)
Zoning COMMERECIAL
Interior
Hot Water Other
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 30.0
Water Access N
Accessibility None
Total Parking Spaces 30
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Pennsauken Township Public Schools
Others
Tax ID 27-06209-00005
Ownership Fee Simple
Special Listing Condition Standard
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