18 S MAIN ST Medford, NJ 08055

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

Commercial Property for sale in Medford, NJ

for $349,900. This building was built in 1862 on a lot size of 0.03 Acre(s).

Property Information

  • $349,900
  • Commercial
  • Taxes are $2,721
  • Other / Unknown
  • Active
  • Lot size of 0.03 Acre(s)
  • Built in 1862
  • Medford, NJ
  • Burlington County
  • MLS/Web ID is 6888177

Description

A rare opportunity to own this Historic Structure at 16 & 18 South Main Street (Est. 2000 Sq. Ft.) Presently two independent buildings, separated only by a wall, but can be joined very easily for access to both sides. Previously, 18 South Main, was a gift shop, and, ... recently, "LuLu's" a Luncheonette. 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. The adjacent building, 16 S. Main has a lot size of 23.5 x 126.90. 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. Located in the business/retail core of restaurants, shops, & offices. 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, and, provides several options from an investment standpoint. Doesn't get much better than this. This is an opportunity for a very special purchase. 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. Nice back yard. Parking on site, off street, & public parking lots 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 opened Pop Shop. Three (3) blocks to Route 70 & close to 295 Interchanges, Routes 73, 38, 206...and, the New Jersey 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...absolutely no exceptions. The property is being sold "AS IS".

Interior 5

Heating System

  • Hot Water Heater: Gas

Interior

  • Walls: Plaster

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

  • Off Street Parking
  • On Street Parking
  • Parking Lot
  • Private Lot
  • Public Lot

Roof

  • Flat Roof
  • Metal
  • Pitched/Sloped
  • Shingle Roof

Siding

  • Vinyl

Miscellaneous 4

Acceptable Finance

  • Conventional

Commercial

  • Sale Includes Building & Land

Location

  • Downtown

Other

  • Circuit Breakers
  • 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

18 S MAIN ST, Medford, NJ, 08055 is a Commercial Property for sale at $349,900 with a lot size of 0.03 Acre(s). 18 S MAIN ST was built in 1862. 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 $497,228 42 % above $375,000 7 % 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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