Sold 5/20/2016

This is a very rare opportunity to own a prime main street retail/residential mixed used building in Historic Medford Village. Presently, the first level includes a retail rental shop & second level is a stunning 2 bedroom apartment, which is completely upgraded...and, is leased until Dec 2016. Simply gorgeous. The total rental income was $2160.00 a month & could definitely be increased. The retail tenant downstairs has moved, thus opening up a fantastic opportunity to have a retail business on Main Street. Both units are completely independent with separate meters...except for the water and sewer. Parking on site plus free on street & public parking. A Full Dry Basement w/ Bilco Doors. Located in the business/retail core of restaurants, shops & offices. Under the present 413 "HVC" Historic Village Commercial the following uses include Shops, Retail, Clubs/Lodges, General offices, etc. High Visibility easily accessible ..located in the center of Prestigious Medford Village, NJ....directly across from the famous Historic Braddocks Restaurant, and a block from the newly opened Pop Shop. Prime location, 3 blocks to Route 70 and close to 295 Interchanges. 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.. Medford has expanded the scope of permitted retail and commercial uses (See Ordinance 2012-14). Prime location & easily accessible. Undoubtedly, these units have been excellently maintained & upgraded....Natural light throughout. 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. This is being sold "AS IS"....Must be Court approved.

Property Details
  • Lenape Regional
    school district
  • $6,104.00
  • 1918
  • 3
  • 6738727
Wood floors
Vinyl flooring
School district: Lenape Regional
On street parking
Wood exterior
Lot acreage is: 0.07
Lot dimension is: 45X69
Level lot
Lot zoned: HVC
Public sewer
Public water
Units in building(s): 1
Property style: 1
Tax year: 2015
Courtesy of:
Weichert Realtors-Marlton

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Address Distance Sale date Sale price
38 S MAIN ST 0 mi. 5/20/2016 $269,900
53 S MAIN ST 0.07 mi. 9/25/2016 $235,000
16 UNION ST 0.08 mi. 7/14/2017 $212,500
69 S MAIN ST 0.1 mi. 3/10/2017 $225,000
30 JACKSON RD 1.67 mi. 6/6/2016 $261,500
262 OLD MARLTON PIKE 1.91 mi. 10/19/2016 $203,000
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38 S MAIN ST, MEDFORD, NJ 08055 commercial was sold for $269,900.
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