709 Stokes Road, Medford, NJ, 08055

709 Stokes Road Medford, NJ 08055

709 Stokes Road, Medford, NJ, 08055
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$895,000
Last Verified:
Apr 08, 2024

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Highlights

  • In the heart of downtown Medford on heavily traveled Stokes road.
  • Zoned CC – Community Commercial, which allows for many different uses.
  • Multi-Office Setup
  • Turnkey Professional Office
  • High Visibility & Traffic Counts
  • Exterior Signage
  • Access to major roads including Rte 206, Rte 70, AC Expressway

Description

Exceptional opportunity to acquire a free standing office/retail/medical building in the heart of Medford. Offers outstanding visibility on heavily traveled Stokes Road, Medford’s main artery. 6,900 SF, 2-story building with ample parking in the Community Commercial zoning district, which allows for a wide range of permitted office, medical, retail and specialty uses. Versatile floor plan with tons of interior improvements and a turn-key professional office set up. This building was originally demised and metered for 4 separate tenants. While it is currently set up as a single tenant space, it could easily be put back to its original configuration. Great for an existing business looking to relocate and gain the benefit of this location or a start up business looking to capitalize on a great location. An investor can realize an excellent return once this value add acquisition is stabilized. Close proximity to Philadelphia and the shore. Easy access and short distances to Route 70, 206, & Atlantic City Expressway.

Medford offers residents a unique blend of restaurants, stores, and businesses. Enjoy strolling down Main Street in beautiful Medford Village, shopping on Stokes Road, or visiting the many establishments that can be found in the Village of Taunton Forge, the north end of 541 or along Route 70.
You can find all of your business and retail needs right here in Medford, including doctors, lawyers, restaurants, hairdressers, toy stores, antique stores, lighting stores, garden centers, home improvement stores, car washes, gas stations, drug stores, liquor stores, car dealerships, gyms, yoga studios, tennis facilities, bowling facilities, gift shops, ice cream stores, jewelers, sports stores, grocery stores, shoe stores, dance studios and more. Situated just outside of Philadelphia, the 6th most populous US City


Year Built: 1985
Building Size: 6907sq ft
Building Class: B
Lot Size: 1.4 acres

Map of 709 Stokes Road, Medford, NJ, 08055

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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.