901 Marlton Pike W, Marlton, NJ, 08053

901 Marlton Pike W Marlton, NJ 08053

901 Marlton Pike W, Marlton, NJ, 08053
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$425,000
Last Verified:
Apr 08, 2024

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Highlights

  • In the heart of one of Marlton’s primary commercial district corridors
  • Zoned C-1 –Commercial – 1, which allows for many different uses.
  • Multi-Office Setup
  • Turnkey Professional Office
  • High Visibility & Traffic Counts
  • Exterior Signage
  • Access to major roads including NJ Turnpike, Rte 295, Rte 70, Rte 73, bridges to Philadelphia
  • Can be assembled for re-development
  • Gas heat and central air, split systems

Description

Multi-tenant professional office building 80% leased and a possible development opportunity in an exceptional location in Marlton. Offers outstanding visibility on a main business corridor in Evesham Township, Burlington County, New Jersey. Located on heavily traveled Old Marlton Pike, the offshoot of Route 70 just beyond the intersection of N. Cropwell Road. 3,450 SF, 2-story building with ample parking in the C-1 zoning district. C-1 zoning includes such uses as professional office, medical office, retail, banking, day care, restaurant and some specialty uses. The property also falls in the Evesham Crossroads Overlay (EVCO) district which is a redevelopment zone designed to modernize one Marlton’s main corridors. The site has ingress and egress to both directions of Old Marlton Pike and may have the option for further access points. Evesham Township created the overlay district to encourage development which indicates growth and smart economic development is a priority. Located directly adjacent to the Bridal Garden which fronts to Route 70, this property is currently being utilized as a multi-tenant office building with 6 short term leases in place. Perfect for an investor looking for cash flow, an owner user needing a portion of the space while leasing out the rest, or a developer who can collect income as they go through the approval or assemblage process. Fantastic location. Easy access and short distance to all major highways including NJ Turnpike, Rte 295, Rte 70, Rte 73, Philadelphia and the shore.

Evesham Township is the most populated municipality is Burlington County, NJ, with more than 45,000 residents and more than 18,000 residential addresses. The township is a family-friendly suburb located 20 miles east of Philadelphia. Homes in Evesham Township have an average assessed home value of $271,600. Evesham is one of the major commercial centers of Southern New Jersey. The town hosts more than 2,000 businesses across various small, medium and large-scale shopping centers, office parks and other commercial sites. The township also serves as the intersection of NJ Route 70 and NJ Route 73, with tens of thousands of visitors passing through the township each and every day. The township's municipal government is organized under the council-manager form, with Evesham Township Council consisting of five members. The Mayor is directly elected to four-year terms by voters at-large, with the other four other members of council also directly elected to staggered, four-year terms by voters at-large. The Council-Manager form of municipal governance places the responsibility for policy development in the hands of an elected governing body (Evesham Township Council), while the manager is responsible for day-to-day operations and policy implementation.


Year Built: 1965
Building Size: 3450sq ft
Building Class: B
Lot Size: 55.0 acres

Map of 901 Marlton Pike W, Marlton, NJ, 08053

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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.