$269,000
$269,000
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2 Beds
1 Bath
1,050 SqFt
SOLD DATE : 06/20/2023
Key Details
Sold Price $269,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,050 sqft
Price per Sqft $256
Subdivision None Available
MLS Listing ID NJCD2045252
Sold Date 06/20/23
Style Converted Dwelling,Carriage House,Bungalow
Bedrooms 2
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,050
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $7,133
Tax Year 2022
Lot Size 1.490 Acres
Acres 1.49
Lot Dimensions 0.00 x 0.00
Property Description
“Rare opportunity” to own a Commercial Property Zoned O-3 Professional Office use on a 1.5 acre corner lot with an 8 car parking lot that is right off one of the busiest intersections in Cherry Hill, Rt 38 & Church Rd, that is home to Cherry Hill Nissan , Cross Roads Plaza, Super Wawa, Cherry Hill Diner and the renowned Benash Liquor Store. With Cherry Hill Mall located less than a half mile from this property , you are literally right in the middle of one of the the most highly trafficked routes in South Jersey.
Principal uses for this zoning include Child Care Centers, Medical offices, Dental Offices, Physical Therapy, Insurance, Finance, Real Estate, Architects Office, Technology, Law Office, Social Services, Engineering, Private Non-Profit Educational Institution, Social Club, Fraternal Organization and Detached Single Family Dwelling. Yes the zoning does allow for a detached single Family dwelling.
In order to take advantage of this one and half acre lot with a foot print of 65,000 sq feet and 518 feet of road frontage, the seller has architectural plans and drawings that have been approved by the township to expand the building with a 3,000 Sq Feet addition and also expand parking by an additional 7 parking spaces for a total of 15 spaces.
The proposed plans have been approved and a detailed proposal to finish the project from the engineer is included . These approved plans do come with the property should you want to pursue expanding the building to 4,000 square feet and 15 parking spaces.
This property as it stands is user ready, start your operation today! When walking into the property you have 3 offices and a common area with 4 work stations, conference and reception area. You also have a bathroom and kitchenette for clients and employees.
There is a spiral staircase leading to a second floor bonus space that is not reflected in the square footage. This space can use some TLC but can easily be converted to additional offices , possibly a live-work situation or extra storage.
You also have a full unfinished basement that you can enter from inside or from the outside. The basement has ample space for plenty of storage.
There is also a large detached shed on the property that gives you additional space for storage or can be used as work room.
Permitted accessory uses by the zoning code does allow for a single family detached dwelling or you can convert to residential or follow through with the proposed plans to build the 3,000 sq foot addition and have a total of 4,000 sq ft of Professional Office commercial space with a parking lot that can fit 15 cars off one of the busiest roads in Cherry Hill. The possibilities are endless.
This is a great opportunity to stop paying high commercial rents and own your own property that gives you a multitude of options for the future. Being your own landlord in today’s astronomically high rental market is priceless.
Location
State NJ
County Camden
Area Cherry Hill Twp (20409)
Zoning O-3 PROFESSIONAL OFFICE
Rooms
Basement Unfinished
Main Level Bedrooms 2
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 8.0
Water Access N
View Garden/Lawn, Street, Trees/Woods
Accessibility None
Total Parking Spaces 8
Garage N
Building
Lot Description Corner, Front Yard, Partly Wooded, Private, Road Frontage, SideYard(s), Trees/Wooded
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling, Carriage House, Bungalow
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Cherry Hill Township Public Schools
Others
Senior Community No
Tax ID 09-00289 05-00003
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Qiao Shen • Coldwell Banker Realty