Homes for sale - 20 TRADING POST WAY, Medford Lakes, NJ 08055

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Alee Heidar

alee.heidar@engelvoelkers.com +1(206) 966-1792

$ 895,000

Est. payment -/mo

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20 TRADING POST WAY Medford Lakes, NJ 08055

4,000 SqFt

UPDATED:

11/08/2024 06:27 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $223

MLS Listing ID NJBL2059188

Originating Board BRIGHT

Year Built 1971

Annual Tax Amount $16,538

Tax Year 2024

Lot Size 8,102 Sqft

Acres 0.19

Lot Dimensions 0.00 x 0.00

Property Description

SO MUCH OPPORTUNITY in the HEART of MEDFORD LAKES on the unique TRADING POST WAY!!! With over 4,000 sq ft of potential, the possibilities are endless as an investor to collect rental income OR as an owner-occupied business OR both! The lower and upper floors each have 2000 sq ft.. On the lower floor, 1300 sq ft is finished, has a drive thru window & is rented until November 2025 w/ current tenants having no intentions of leaving. There is another 700 sq ft of unfinished area on the lower floor . All of the upper floor (2000 sq ft) is an unfinished canvas & ready for you to tailor to meet your specific business goals. This is an ideal location for just about any business w/ high visibility & an abundance of traffic from the community. Some options might include an eatery/restaurant, brewery, retail, medical, fitness/yoga w/ a juice bar, professional office space, apartments for residents to live in on the second floor & the list goes on (please review your ideas w/ the town for approval)! We estimate the potential rental income for the whole building, once finished, would be about $8000-$10,000/mo or more! There are currently three separate entrances in the front of the building, one entrance in the back & there is ample parking (3 spots on the property including 1 handicapped spot & plenty of municipal parking around the building). The 2 heating units are approximately 3 yrs. old. This property is not just a space; it's an investment in the future success of your business w/ the flexibility to design and adapt how you see fit!

Location

State NJ

County Burlington

Area Medford Lakes Boro (20321)

Zoning LC

Interior

Hot Water Electric

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 25.0

Water Access N

Roof Type Architectural Shingle

Accessibility Elevator

Total Parking Spaces 25

Garage N

Building

Sewer Public Sewer

Water Well

New Construction N

Schools

School District Medford Lakes Borough Public Schools

Others

Tax ID 21-10035 01-00003 02

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Jennifer M D'Alesandro • Keller Williams Realty - Moorestown

Alee Heidar

Principal Broker | License ID: 126102

+1(206) 966-1792

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