782-798 Emerson St,LINDENWOLD, NJ 08021
LINDENWOLD, NJ 08021
Description
A well-established neighborhood shopping plaza with over 60 years of operating history in Lindenwold, NJ is being offered for sale. The property is situated on approximately 1 acre and is improved with a 13,000 SF retail building configured into seven (7) units.A Mexican restaurant has recently joined the tenant mix, and all seven units are now fully leased. The property generates over $200,000 in annual net operating income (NOI), representing an approximately 7% capitalization rate based on the asking price.The property is strategically located within a densely populated residential area, providing a stable customer base and strong appeal to local retail and service-oriented tenants. Additionally, the presence of a similarly sized shopping center directly across the street enhances foot traffic and creates synergistic retail activity.The current tenant mix includes an established laundromat, tobacco shop, convenience store, Chinese restaurant, deli, Spanish grocery store, and Mexican restaurant. This diverse tenant mix contributes to stable in-place income and strong, consistent demand from the surrounding community.
Details
| MLS # | NJCD2115936 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1966 |
| Days On Site | 158 |
| Listing Provided By | Realty Mark Advantage | Jukab Seo |
Features
| Zoning | COM |
|---|---|
| Acreage | 1.00 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 41132.95 |
|---|
Area Information
| State | NJ |
|---|---|
| County | CAMDEN NJ |
| City | LINDENWOLD |
| Zip Code | 08021 |
| Area | Lindenwold Boro (20422) |
| School District | LINDENWOLD BOROUGH PUBLIC SCHOOL |
| Listing VS Median (in 08021) | |
Price: $3,000,000 low | high Med: $279,950 On site: 158 low | high Med: 9 | |
Market Activity 08021
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Learn More About This Property
| State | NJ |
|---|---|
| County | CAMDEN NJ |
| City | LINDENWOLD |
| Zip Code | 08021 |
| Area | Lindenwold Boro (20422) |
| School District | LINDENWOLD BOROUGH PUBLIC SCHOOL |
| Listing VS Median (in 08021) | |
Price: $3,000,000 low | high Med: $279,950 On site: 158 low | high Med: 9 | |
