519 Lakehurst Road Browns Mills, NJ 08015
Prime investment property. 2.0 ac with 12, 800 sf strip center retail building and 14.7 ac wooded property in Browns Mill, NJ. There are 16 units with 65 parking spaces. Now 75% of occupancy but still the cap rate is 8.5%. When you make more tenants, your cap rate will be 10%. The tenants are a Pizza restaurant, a Chinses restaurant, a Laundromat, a Dry Cleaner, a Doctor's office, a Barbershop, an SPA, and churches. The property's soil contamination is currently undergoing treatment. If the issue persists after the sale, the seller plans to contribute a certain amount to the escrow. If the buyer commits to resolving this issue, negotiations on the price are possible.
- Property TypeCommercial
- NeighborhoodN/A
- CountyBurlington
- Taxes$35,382
- HOA/Condo/Coop Fees$0
- Days on Site95 Days
- MLS StatusPending
- MLS ID NumberNJBL2057998
- Home Size Source Estimated
- Year Built1978
- Lot Size16.8 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Parking Parking Lot
- Sewer Public Sewer
- Acreage 16.8
- Water Public
- Property Sub Type Retail
- Attached Garage No
- Zoning COMMERCIAL
Interior Features
- Cooling Central A/ CElectric
- Heating CentralNatural Gas
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- MLS Area Pemberton Twp (20329)