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$175,000

807 & 809 W Evesham Avenue
Magnolia, New Jersey 08049

Closed / MLS #NJCD2073082 / Commercial / Mixed Use / Magnolia
Listing information updated 1/28/2025 at 2:21pm
RARE INVESTMENT OPPORTUNITY!!! 2 Interior units in a 6 unit strip mall on busy secondary corridor. 807 & 809 are separately deeded, and 20 x 40 (800 SF Each- Total 1,600 SF). Nail Salon pays $850. monthly with 3 years left on a 5 year lease (graduated at $50. annually). Chinese restaraunt pays $1,000. month to month. Owner pays Sewer, CCMUA, taxes and property insurance. Tenant pays gas, electric and water. and business insurance. 807 and 809 are significantly under rented....please do not negotiate the sales price based on the present rents, it has been taken into consideration with the sales price. Gas Forced Heat, Central A/C, High Visibility Signage, 150-200 amp service, and 4 lined parking spaces w/Concrete Stops. 801 and 811 are owned and deeded separately, but not for sale currently. They are not my clients, but any potential buyer may be able to facilitate a sale with them in the future. Units will not be sold separately.
Lot Size:
3202.00 Square Feet
Acreage:
0.07
Built:
1962
Cooling System:
Central A/C
Business Use:
Cold Storage, Day Care Facility, Health Club, Medical, Hair Salon and Spa, Other/General Retail, Parking Lot, Professional, Recreation, Restaurant/Bar, Shopping Center, Storage, Supermarket/Grocery Store
Zoning:
COMMERCIAL
Tax Amount:
$5,508
Tax Year:
2023
Zip Code:
08049
City:
Magnolia
County:
Camden

Listing Office: Panaro Realty

Listing Office Phone: 856.931.5001

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$310,611
Average Sale Price
32
Average Days On The Market
101%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 807 & 809 W Evesham Avenue, Magnolia, NJ 08049

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807 & 809 W Evesham Avenue, Magnolia, NJ 08049 is a commercial / mixed use which sold for $175,000. This commercial / mixed use has been listed on RLAH @properties since July 30th, 2024 and was built in 1962.