1410 Nj-38Cherry Hill, NJ 08002

For Sale
$650,000

Profitable Restaurant/Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional retail property, located at 1410 NJ-38 in Cherry Hill, New Jersey, presents a lucrative investment opportunity. The 2,400 square foot building sits on a 0.43-acre lot and is priced at $650,000, translating to $270.83 per square foot. Built in 1980, this single-story structure boasts a prime location at a high-profile, signalized intersection of Route 38 and Chapel Avenue, ensuring excellent visibility and accessibility. Traffic counts exceeding 56,000 ADT further underscore the property's strategic positioning within a high-population-density area abundant with daytime generators. The property is currently configured as a restaurant shell and is zoned B2, offering flexibility for a variety of uses. The existing infrastructure, combined with its location in the top-tier trade area of Cherry Hill, makes this a compelling investment prospect. The property is offered with a ground lease. This turnkey opportunity is ideal for savvy investors seeking a high-return investment in a thriving New Jersey market. The property's versatility, combined with its prominent location and strong traffic counts, makes it an exceptional addition to any portfolio. Don't miss this chance to acquire a well-positioned retail space in a highly desirable location.

Highlights

  • $650,000 asking price for a 2,400 SF retail property.
  • Located at 1410 NJ-38, Cherry Hill, NJ 08002.
  • Property includes a convenience store, restaurant, and ice cream components.
  • Features a 0.43-acre lot and is situated on a high-traffic intersection with over 56,000 ADT.
  • Built in 1980, this single-story building is on a ground lease.

Property Details for 1410 Nj-38

Property type
Other retail properties, Restaurants
Square Feet
2,400 SF
Year Built
1980
Stories
1
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Cherry Hill
County
Camden
State
New Jersey
Latitude
39.937289351356
Longitude
-75.036157185914
1410 Nj-38, Cherry Hill, New Jersey

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1410 Nj-38
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