Rt 37 Highway Commercial in an attractive Economic Redevelopment Zone with potential Financial Incentives

605 Stiles Avenue, with optional 615 Stiles Maple Shade, NJ 08052

605 Stiles Avenue, with optional 615 Stiles, Maple Shade, NJ, 08052
605 Stiles Avenue, with optional 615 Stiles, Maple Shade, NJ, 08052
FOR SALE FOR LEASE
Property Type:
Big Box Retail
Amount:
$540,000
Last Verified:
Sep 14, 2020

Highlights


Description

Lot 5 being .95 acres and having an existing pole barn, garage with office and optional Lot 4 being a residential home for additional access off Stiles Ave if needed. This is a heavily trafficked section being on a jug handle allowing traffic from three directions including both directions on Rt 73. This is ideal for a land lease or outright purchase for a National/Regional Tenant. The Heavy Traffic at the Jughandle is estimated at 70,000 cars plus. This existing building on lot 5 is in usable condition but will need some work. The building is setup of Vehicle mechanics. Also Lot five is a combination of Lot 5 and 5.01 being is the Business Development District and the residential District. The former owners had a home and business on site.

Lot 5 being .95 acres and having an existing pole barn, garage with office and optional Lot 4 being a residential home for additional access off Stiles Ave if needed. This is a heavily trafficked section being on a jug handle allowing traffic from three directions including both directions on Rt 73. This is ideal for a land lease or outright purchase for a National/Regional Tenant. The Heavy Traffic at the Jughandle is estimated at 70,000 cars plus. This existing building on lot 5 is in usable condition but will need some work. The building is setup of Vehicle mechanics. Also Lot five is a combination of Lot 5 and 5.01 being is the Business Development District and the residential District. The former owners had a home and business on site.

Route 73 Frontage with access from Jughandle giving both 73 east and west access.
Total traffic at Jug handle is reported to be 70,000 cars.

Building Size: 4457.0sq ft
Lot Size: 1.27 acres

Units for Lease

Unit
Space Available: 41382 SF
Lease Type: NNN

Map of 605 Stiles Avenue, with optional 615 Stiles, Maple Shade, NJ, 08052

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.