Medford Lakes NJ Commercial for Sale
- Type:
- General Commercial
- Sq.Ft.:
- 4,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1971
- Baths:
- 3.00
- MLS#:
- NJBL2059188
ADDITIONAL INFORMATION
SO MUCH OPPORTUNITY in the HEART of MEDFORD LAKES on the unique TRADING POST WAY!!! With over 4,000 sq ft of potential, the possibilities are endless as an investor to collect rental income OR as an owner-occupied business OR both! The lower and upper floors each have 2000 sq ft.. On the lower floor, 1300 sq ft is finished, has a drive thru window & is rented until November 2025 w/ current tenants having no intentions of leaving. There is another 700 sq ft of unfinished area on the lower floor . All of the upper floor (2000 sq ft) is an unfinished canvas & ready for you to tailor to meet your specific business goals. This is an ideal location for just about any business w/ high visibility & an abundance of traffic from the community. Some options might include an eatery/restaurant, brewery, retail, medical, fitness/yoga w/ a juice bar, professional office space, apartments for residents to live in on the second floor & the list goes on (please review your ideas w/ the town for approval)! We estimate the potential rental income for the whole building, once finished, would be about $8000-$10,000/mo or more! There are currently three separate entrances in the front of the building, one entrance in the back & there is ample parking (3 spots on the property including 1 handicapped spot & plenty of municipal parking around the building). The 2 heating units are approximately 3 yrs. old. This property is not just a space; it's an investment in the future success of your business w/ the flexibility to design and adapt how you see fit!
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Medford Lakes Real Estate
The median home value in Medford Lakes, NJ is $565,000. This is higher than the county median home value of $316,600. The national median home value is $338,100. The average price of homes sold in Medford Lakes, NJ is $565,000. Approximately 93.87% of Medford Lakes homes are owned, compared to 4.77% rented, while 1.36% are vacant. Medford Lakes real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Medford Lakes real estate agent to arrange a tour today!
Medford Lakes, New Jersey has a population of 4,240. Medford Lakes is more family-centric than the surrounding county with 41.38% of the households containing married families with children. The county average for households married with children is 32.09%.
The median household income in Medford Lakes, New Jersey is $130,864. The median household income for the surrounding county is $95,935 compared to the national median of $69,021. The median age of people living in Medford Lakes is 43.4 years.
Medford Lakes Weather
The average high temperature in July is 87.3 degrees, with an average low temperature in January of 23.1 degrees. The average rainfall is approximately 47.3 inches per year, with 13.4 inches of snow per year.