Elinor Watson - Coldwell Banker Hearthside
18 S Main St
MEDFORD, NJ 08055

Description

A rare opportunity to own this Historic Structure at 16 & 18 South Main Street (Est. 2000 Sq. Ft.) Presently two independent buildings, separated only by a wall, but can be joined very easily for access to both sides. Previously, 18 South Main, was a gift shop, and,... recently, "LuLu's" a Luncheonette. 16 S. Main presently houses "Refined On Main"...which is out of business. Basement access is through #16 S. Main which also houses all utilities for the two Buildings. The adjacent building, 16 S. Main has a lot size of 23.5 x 126.90. Owner is selling both units together. The Historic Building Falls Under Reg. 413 "HVC" Historic Village Commercial & the following uses allowed include: Shops, Retail, Clubs/Lodges, General Offices, & many other uses. Located in the business/retail core of restaurants, shops, & offices. Medford has expanded the scope of permitted retail and commercial uses (See Ordinance 2012-14). Prime location & easily accessible. 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. First, the front of the store can be rented. Second, there's a another three room area in the back of the store that could be rented. Third, there's a 2 Bedroom Apartment upstairs that generates $1450.00 per month. Fourth,..16 S. Main can be rented out, ...and, finally, there's a garage that could be rented. Nice back yard. Parking on site, off street, & public parking lots directly across the street & parking in rear. If you want to own a historic building on Main in Medford, NJ, this is priced right. Located in the center of Prestigious Medford Historic Village, NJ... directly down the street from the newly opened Pop Shop. Three (3) blocks to Route 70 & close to 295 Interchanges, Routes 73, 38, 206...and, the New Jersey Turnpike. 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....and, easy access to shore points. Both 16 Main & 18 Main must be sold together...absolutely no exceptions. The property is being sold "AS IS". Please see 16 S. Main for additional photos.

Details

MLS#1004343337
StyleIndustrial
Sub-TypeResale
StatusActive
Year1867
Days On Site349

Features

Story(s)0
ZoningHVC

Market Activity 08055

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Area Information

StateNJ
CityMEDFORD
Zip Code08055
AreaMedford Twp (20320)
Listing VS Median (in 08055)
Price:
$335,000
low | high
Med:
$369,900
39.582089552239% of Average
On Site:
349
low | high
Med:
106
100% of Average
Listing Updated: 12/09/2018
MLS Number: 1004343337
Listing Provided By:
James L Moffa  of  Keller Williams Realty-Marlton

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