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Listed by Jacob Seo • Realty Mark Advantage
$ 3,000,000
Est. payment /mo
Price Dropped by $300K
782-798 EMERSON ST Lindenwold, NJ 08021
1 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJCD2115936
Year Built 1966
Annual Tax Amount $41,132
Tax Year 2026
Lot Size 0.997 Acres
Acres 1.0
Lot Dimensions 402.00 x 108.00
Property Sub-Type Retail
Source BRIGHT
Property Description
A well-established neighborhood shopping plaza with over 60 years of operating history in Lindenwold, NJ is being offered for sale. The property is situated on approximately 1 acre and is improved with a 13,000 SF retail building configured into seven (7) units.
A Mexican restaurant has recently joined the tenant mix, and all seven units are now fully leased. The property generates over $200,000 in annual net operating income (NOI), representing an approximately 7% capitalization rate based on the asking price.
The property is strategically located within a densely populated residential area, providing a stable customer base and strong appeal to local retail and service-oriented tenants. Additionally, the presence of a similarly sized shopping center directly across the street enhances foot traffic and creates synergistic retail activity.
The current tenant mix includes an established laundromat, tobacco shop, convenience store, Chinese restaurant, deli, Spanish grocery store, and Mexican restaurant. This diverse tenant mix contributes to stable in-place income and strong, consistent demand from the surrounding community.
A Mexican restaurant has recently joined the tenant mix, and all seven units are now fully leased. The property generates over $200,000 in annual net operating income (NOI), representing an approximately 7% capitalization rate based on the asking price.
The property is strategically located within a densely populated residential area, providing a stable customer base and strong appeal to local retail and service-oriented tenants. Additionally, the presence of a similarly sized shopping center directly across the street enhances foot traffic and creates synergistic retail activity.
The current tenant mix includes an established laundromat, tobacco shop, convenience store, Chinese restaurant, deli, Spanish grocery store, and Mexican restaurant. This diverse tenant mix contributes to stable in-place income and strong, consistent demand from the surrounding community.
Location
State NJ
County Camden
Area Lindenwold Boro (20422)
Zoning COM
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 47.0
Water Access N
Accessibility Other
Total Parking Spaces 47
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Lindenwold Borough Public Schools
Others
Tax ID 22-00134 01-00010
Ownership Fee Simple
Special Listing Condition Standard
