638- Stokes Medford, NJ $ 1,150,000
638- Stokes
$ 1,150,000
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638- Stokes

Medford, NJ, 08055
$ 1,150,000
Baths0.0 Sq 6,250

Monthly Estimate*

$ 7,643

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Studio

Commercial Property for sale in Medford, NJ

for $1,150,000. This 6,250 square foot building was built in 1979 on a lot size of 0.94.

A rare opportunity to own two properties on Stokes Road in Medford. This is a Developer's Dream. Incredible opportunity for an investor, owner occupied, or developer to purchase one lot .(which totals 41,077SF of land), .94 acres. The buildings are the last prime commercial site locations presently availableon Stokes Road..., and one of the most strategically based business districts in Medford Township. Previously known as Angelina Trattori, and,. before then, the Lite Bite Restaurant....which are now vacant. The Primary Layout areas in the latter commercial building are included as follows: A. Cathedral Dining Room Front of Bldg. Est. 646 SF, B. Main Dining Room Area Est. 1,344 SF, C. Serving Area Est. 285 SF, D. Kitchen Area Est. 924 SF, E. Kitchen Expanded Area Est. 825 SF. There were three freezer & refrigeration areas, an office, entrance lobby, etc. The property could be completely rehabilitated or demolished to fit one's requirements. or, the complete site could be developed. There's a wide range of professional or retail uses. (See Zoning Document). Additionally, any owner/purchaser could use the main commercial building and/or lease or occupy the residential house, which was a two-family rental property for additional income or, a live-in owner could possibly have a second business on the first floor. Many many options. Presently has a Well & Public Sewer, but public water is available. The main building is approximately 4500 SF and, the house is an estimated 1750 SF. Most important they are positioned near a high traffic volume Signalized intersection. The Traffic Count Average is over 20,000-25,000 vehicles a day. Excellent Dense and Affluent Demographics surrounded by high medium household income developments (Average $125,748.00). Superior Location and Access....it simply doesn't get any better. Zoned CC..(Community Commercial) allows many retail and commercial uses....but, may need a variance depending upon the use. This is one of the last few commercial parcels for sale on Stokes Road in Medford. Close to first class medical facilities, and,....access to numerous points of interest. Simply stated, this parcel most certainly has High Visibility, High Traffic Volume, and is strategically located. Obviously these properties have significant key factors. 1. Strategic Location, 2. Exposure, 3. Visibility, 4. Convenience to other businesses and local communities, 5. Zoning Flexibility, 6. Parking, 7. Many amenities nearbyrestaurants, high end shopping, medical facilities, etc. 8. Location to your clients & customers. Fantastic location for your existing or future new business. A very substantial benefit here is depending how you develop it, there is enough land, that one can plan for future growth. Medfords accessibility is by I-295, & Routes 38, 206, 73, 70, PA & NJ Turnpikes, & the Atlantic City Expressway and, close proximity to center Philadelphia and Shore points. Within close proximity to the high-end Promenade Shopping center, and minutes away from the Cherry Hill & Moorestown Malls, the Marketplace at Garden State, and Centerton Square/Moorestown. It's approximately 30 minutes to center Philadelphia, about an hour's drive to the Jersey Beaches, and 1 hour+ to New York City, not to mention that it's centrally located in the Tri State area. A short drive to the Ben Franklin, Walt Whitman, Tacony-Palmyra Bridge or Burlington/Bristol Bridges connecting with I-95 & Bucks County. Easily accessible to the Philadelphia International Airport and Atlantic City's Int'l Airport. The property is being sold "AS IS", and,.. all inspections, certifications, and approvals are the responsibility of the buyer.

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Commercial Active

Price

$ 1,150,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 25,279

Style

Restaurant/Bar

Lot Size

0.94

Year Built

1979

Town/City

Medford

County/Region

Burlington

MLS | Web ID

NJBL2059526

Features
Interior
Heating Fuel Natural Gas
Flooring Tile/Brick
Hot Water Natural Gas
Total Stories 1
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 4
Number of Elevators 0
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General
Sewer Public Sewer
Heating Central
Cooling Central A/C
Utilities Electric Available Natural Gas Available Cable TV Available Above Ground
Possession 0-30 Days CD 120-180 Days 31-60 Days CD 61-90 Days CD Settlement Other
Roof Shingle
Zoning GC
Construction Materials Masonry
Exclusions Three Oven Fixtures
Year Built 1979
Electric 200+ Amp Service Circuit Breakers
View Street
Topography Leveled Paved Parking Lot Landscaped Frontages
Property SubType Retail
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Municipality MEDFORD TWP
Business Type Other Restaurant/Bar
Accessibility Mobility Improvements
County BURLINGTON
New Construction N
Property Type Commercial Sale
Possible Use Automotive Bar/Tavern/Lounge Barber/Beauty Bed & Breakfast Clothing Commercial Convenience Store Day Care Distribution Dry Cleaner Financial Flex Space Florist/Nursery Food & Beverage Food Market Fun
Water Access Y/N N
Status ACTIVE
Directions East On Route 70 Right on Main Street (Rt. 541) Continue for about 3 miles property on right.
City MEDFORD
Buyer Agent Compensation 2
Total Units 2
MLS Area Medford Twp (20320)
Lot Size Square Feet 40946.40
Waterfront Y/N N
Street Name STOKES
Tax Annual Amount 25279.0
Property Condition Good Average
Price Per Sq Ft Total 184.0
Acceptable Financing Conventional Cash
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://drive.google.com/file/d/1qeVuPlL42OXaFYMDOEiEQ7i527aXSn6E/view?usp=drive_link
Days on Market 101
Standard Status Active
Year Built Source Assessor
Tax Lot 00041 01
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Private
Lot Features Backs to Trees Cleared Front Yard Landscaping Subdivision Possible Other
Water Source Well
Type of Parking Parking Lot
Foundation Details Crawl Space
Water View Y/N N
Building Area Total 6250.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.94
Lot Size Units Square Feet
Lot Size Source Estimated
Road Responsibility Boro/Township
Land Assessed Value 306500.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 638
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* Excluded Features
List By
Keller Williams Realty - Marlton

Broker

jlmoffa@aol.com

Email

Affordability Calculator

$9,750
Per Month
78%
22%
0%
Monthly Principal & Interest
$7,643
Monthly Property Taxes
$2,107
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/9/2024$1,150,000 Listed Price

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638- Stokes, Medford, NJ, 08055 is a Commercial Property for sale at $1,150,000 with 6,250 sqft and a lot size of 0.94. 638- Stokes is a studio with 0.0 baths and was built in 1979. The property's zip code is 08055 which is in Medford, NJ