MLS#NJCD2114850
STATUSACTIVE
PROPERTY TYPECommercial - Farm
SCHOOLPENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
Property Description
This 10,000 SF commercial property, located at 5309 Marlton Pike W in Pennsauken, NJ, offers a strong investment opportunity with a stable, long-term income stream. The property is fully leased to Best Buy Furniture through 2034, ensuring minimal landlord responsibilities. Positioned on a 17,630 SF lot, the building is equipped with one drive-in loading dock and an additional rear garage door, enhancing its versatility for both retail and logistics uses. Although the site currently offers six parking spaces at the front, a rear section of the lot remains vacant, providing the potential to expand parking or support additional operational improvements. This asset is being offered at a 7.03% capitalization rate, supported by a dependable tenant and lease structure. Notably, the lease includes three scheduled rent escalations prior to expiration, which further enhances income growth over the hold period. Strategically located with convenient access to Philadelphia, the Philadelphia International Airport, and major South Jersey and Delaware transit routes, the property boasts excellent regional connectivity. This makes it an appealing option for investors seeking a stabilized asset with built-in rental growth in a high-demand commercial corridor.
Property Features
Property Type: Commercial - Farm
Cooling: Central A/C
Fuel Type: None
Heating: Central
Lot Size: 0.40 Acres
Taxes: $21,041
Year Built: 1960
Feature Descriptions
Days on Site: 7
Exterior: Block, Concrete
Lot Dimensions: 0.40 Acre(S)
Municipality: PENNSAUKEN TWP
Sewer: Public Sewer
Total Garage/Parking Spaces: 8
Units: 1
Water: Public
Local Schools
School District: PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty
Agency Phone: 8563211212
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
5309 Marlton Pike | MLS# NJCD2114850
This commercial property located at 5309 Marlton Pike , Pennsauken, NJ 08109 is currently listed for sale with an asking price of $975,000. Marlton Pike is located within the PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS school district. Search Pennsauken real estate on www.realtymarkllc.com today.