16-18 S MAIN ST Medford, NJ 08055

$349,900
16-18 S MAIN ST, Medford, NJ 08055

Commercial Property for sale in Medford, NJ

for $349,900. This 2,500 square foot building was built in 1866 on a lot size of 0.06 Acre(s).

Property Information

  • $349,900
  • Commercial
  • 2,500 Square Feet
  • Taxes are $5,473
  • Other / Unknown
  • Active
  • Lot size of 0.06 Acre(s)
  • Built in 1866
  • Medford, NJ
  • Burlington County
  • MLS/Web ID is 6888176

Description

A rare opportunity to own this Historic Structure 16 & 18 South Main Street(Est. 2000 Sq. Ft.) presently has two independent buildings, separated only by a wall, but can be joined very easily for access to both sides. 16 S. Main presently houses Refined On Main...which is going out of business. The inventory can be bought with the building, or, separately. Basement access is through #16 S. Main which also houses all utilities for the two Buildings. 18 South Main, was previously a gift shop, and LuLu's Luncheonette. It has one spacious room on the main level, and a staircase to the second level where there's another room. There's also a back area where some tables and chairs could placed. 16 Owner is selling both units together. The Historic Building Falls Under Reg. 413 "HVC" Historic Village Commercial & the following uses allowed include: Shops, Retail, Clubs/Lodges, General Offices, & many other uses. Medford has expanded the scope of permitted retail and commercial uses (See Ordinance 2012-14). Prime location & easily accessible. This property is priced right, & won't last long. Excellent for owner occupancy, & provides several options from an investment standpoint. First, the front of the store can be rented. Second, there's a another three room area in the back of the store that could be rented. Third, there's a 2 Bedroom Apartment upstairs that generates $1450.00 per month. Fourth, ..16 S. Main can be rented out, ...and, finally, there's a garage that could be rented. Very heavy traffic volume. Located in the business/retail core of restaurants, shops, and offices. Parking on site, off street, & public parking lot directly across the street & parking in rear. If you want to own a historic building on Main in Medford, NJ, this is priced right. Located in the center of Prestigious Medford Historic Village, NJ... directly down the street from the newly open Pop Shop. Three (3) blocks to Route 70 & close to 295 Interchanges, Routes 73, 38, 206...and, the NJ Turnpike. Located in the business/retail core of restaurants, shops, & offices. This location is a very short distance to many surrounding amenities such as the Promenade Shopping Center, Cherry Hill and Moorestown Malls, many Famous Restaurants, High End Shops, and close proximity to Center Philadelphia....and, easy access to shore points. Both 16 Main & 18 Main must be sold together...no exceptions. Being sold "AS IS. There has been many upgrades done to the building, and the list will follow

Interior 4

Flooring

  • Wood Floors

Sewer

  • Public Sewer

Utilities

  • Cable
  • Electric
  • Gas
  • Other
  • Phone
  • Water

Water Source

  • Public Water

Exterior 7

Exterior

  • Other

Foundation

  • Stone

Garage

  • Garage(s)

Lot Description

  • Level/Flat

Parking

  • Secured Parking Area

Roof

  • Pitched/Sloped
  • Shingle Roof

Siding

  • Aluminum

Miscellaneous 4

Acceptable Finance

  • Conventional

Commercial

  • Sale Includes Building & Land

Location

  • Downtown

Other

  • Copper Plumbing

† Excluded Feature

Neighborhood & Schools

School District: Medford Twp

 See complete school information

Listed By

Listing Agent: James "Jim" L. Moffa
Broker: Weichert Realtors
Office: Marlton
Phone: (609) 458-3711

16-18 S MAIN ST, Medford, NJ, 08055 is a Commercial Property for sale at $349,900 with 2,500 sqft and a lot size of 0.06 Acre(s). 16-18 S MAIN ST was built in 1866. The property's zip code is 08055 which is in Medford, NJ

Market Pricing

Average % of sale price Median % of sale price
All listings in Medford $492,844 41 % above $372,500 6 % above
Commerical listings in Medford $438,636 25 % above $299,900 14 % below
Sold listings in Medford $340,280 3 % below $335,000 4 % below

Get the facts about Medford, NJ!

Population 23,302
Population Growth (since 2000) 5 %
Median Income $109,468
Median Age 45.57
Households w/ Children 34 %

Residential Dwellings

  • Owned 7169
  • Vacant 332
  • Rented 1216

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