School Plaza

Shopping Center for Sale
Catylist Listing ID: 30029496
Property Subtypes: Strip Center
Building Size (RSF): 10,897 SF
Gross Building Area: See Agent
Sale Price: $1,575,000
Unit Price: $144.54 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 12/15/2018

Overview / Comments

The property is improved with a 10,897+/- SF multi-tenant strip center. There are two buildings on site. The front building consists of four (4) Tenants, Deli, Pharmacy, Restaurant and Cleaners. The building has recently been remodeled with stucco and a new mansard. Each unit has its own 100-200+/- amp electrical services and gas hot air heating and air conditioning.

The rear building consists of five (5) units, each with separate heat and electric. The building has been rented continually and shows well.

Close proximity to Bordentown Regional High School, Peter Muschal Elementary School, Garden State Youth Correction and Albert C. Wagner Youth Correction Facility.

Rare opportunity to find a thriving retail center with great demographic support. Well maintained.

Additional Details

Nearest MSA: Philadelphia-Camden-Wilmington
County: Burlington
Zoning: R-120
Feet of Frontage: 125
Highway Access: Easy access to major arteries, within two miles from the New Jersey Turnpike, Route 206 and I-295.
Parking Description: There is ample paved parking to accommodate all Tenants.
Heat Type: Hot Water
Zoning Description: Residential (R-30): a legal non-conforming use variance.
Lot Depth: 500
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,701 39,859 147,291
Median Age: 31.06 39.1 37.85
Households: 1,098 14,249 53,060
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