275-279 W Moorestown Rd

Investment Highlights

Executive Summary

Expansive 5.05-acre commercial site strategically positioned along busy Route 512, just off the intersection with Bushkill Center Road boasting ample opportunities for various ventures. Seller willing to consider personal-financing arrangements up to $1 million. The site currently features 3 retail buildings, 3 residential units (one vacant), and an RV storage parking facility. Flexibility for reconfiguration is inherent, catering to diverse potential uses. The retail establishments encompass a drive-through fast-food stand, an upscale tack-shop, and a compact car dealership. Additionally, a substantial metal structure with a concrete floor occupies the rear section, serving as undercover storage for RVs and boats. Recent renovations were made to the automotive office and residential apartments. Current gross income stands at $150,000 annually, with potential to exceed $160,000 post-leasing of the third apartment. The property has potential for pad sites for pharmacy, bank, food and more. An adjacent parcel with direct access to Bushkill Center Road may be procurable at an extra cost.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Convenience Store Convenience Store General Retail Auto Dealership General Retail Fast Food Convenience Store
• Building Size    4,901
• Year Built    2019
• Price    1,690,000
• Price Per SF    345
• Cap Rate    8.67
• NOI    146,539
• Percent Leased    Vacant
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.02
• Land Acres    5.05 AC