$175,000
$335,000
47.8%For more information regarding the value of a property, please contact us for a free consultation.
2,000 SqFt
SOLD DATE : 05/17/2019
Key Details
Sold Price $175,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $87
Subdivision Medford Village
MLS Listing ID 1004302403
Sold Date 05/17/19
HOA Y/N N
Originating Board TREND
Year Built 1867
Annual Tax Amount $5,531
Tax Year 2018
Lot Size 2,627 Sqft
Acres 0.06
Lot Dimensions 23.5X126.90
Property Description
16 S Main - 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 out of business. 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. 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 generated $1450.00 per month. Fourth,..16 S. Main can be rented out, ...and, finally, there's a garage that could be rented. 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. 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. 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.
Location
State NJ
County Burlington
Area Medford Twp (20320)
Zoning HVC
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Cooling Central A/C
Flooring Tile/Brick, Wood, Carpet, Vinyl
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Above Ground
Water Access N
Roof Type Pitched,Shingle
Street Surface US Highway/Interstate,Other
Accessibility None
Road Frontage Boro/Township, State
Garage N
Building
Building Description Paneled Walls,Other,Plaster Walls, Ceiling Fans,Column Spacing,Display Window,Fire Alarm,Security Lighting,Security System,Shelving
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Paneled Walls,Other,Plaster Walls
New Construction N
Schools
School District Medford Township Public Schools
Others
Tax ID 20-01707-00005
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Melissa S Young • BHHS Fox & Roach-Moorestown
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Broker-Owner | Lic# RM423246