328 Cherry Street Camden, NJ $ 175,000
328 Cherry Street
$ 175,000
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328 Cherry Street

Camden, NJ, 08103
$ 175,000
Baths0.0 Sq 1,306

Monthly Estimate*

$ 1,163

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Studio

Commercial Property for sale in Camden, NJ

for $175,000. This 1,306 square foot building was built in 1899 on a lot size of 0.02.

Prime Investment Opportunity: Transform a Former Daycare into a Multi-Unit Apartment Complex! Nestled in the heart of Camden, an extraordinary real estate investment opportunity awaits. This property, once a thriving daycare facility, now offers a rare and potentially highly profitable venture - conversion into a multi-unit apartment complex or you have the option to continue to run it as a daycare as everything is already set up for you! What sets this property apart are the two included playground lots, presenting the unique opportunity to expand and construct additional residential units, a key to enhanced property value. While the current zoning is commercial, rest assured, the process to revert it to residential is a navigable path. This location enjoys a strong rental market, consistently in demand for quality residential units. With the potential for a diversified income stream from multiple residential units, your investment promises both stability and substantial profitability. Moreover, real estate often appreciates over time, making this property an ideal choice for long-term value growth. Don't miss out on this exceptional investment opportunity. Contact Jenna Merrill for more information today and set the wheels in motion to realize your vision of a thriving multi-unit apartment complex or daycare business! Please be aware that playground lots 324 and 326 Cherry St., Camden NJ 08103 are also included in the sale of this property.

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Commercial Active

Price

$ 175,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,766

Style

Day Care Facility,Hair Salon and Spa,Apartment Bui

Lot Size

0.02

Year Built

1899

Town/City

Camden

County/Region

Camden

MLS | Web ID

NJCD2066042

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Street Suffix STREET
Central Air Y/N Y
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General
Sewer Public Sewer Public Septic
Heating Central
Cooling Central A/C
Possession Negotiable
Zoning COMMERCIAL
Construction Materials Vinyl Siding
Exclusions Excludes 2 other TVs computer and printer.
Year Built 1899
Property SubType Special Purpose
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Municipality CAMDEN CITY
Business Type Day Care Facility Hair Salon and Spa Apartment Building Other
Accessibility 2+ Access Exits
County CAMDEN
New Construction N
Property Type Commercial Sale
Possible Use Day Care Commercial Apartment Building Flex Space Mixed Use Medical/Dental Office Professional Service School Senior Assisted/Day Care Special Purpose Other
Water Access Y/N N
Status ACTIVE
Directions Drive Towards 328 Cherry St. Proceed on Cherry St. until you spot the address 328 Cherry St. This location is situated between 3rd and 4th Street. Look for a light blue building with a bright blue
City CAMDEN
Buyer Agent Compensation 2.5
Total Units 0
MLS Area Camden City (20408)
Lot Size Square Feet 1036.00
Waterfront Y/N N
Street Name CHERRY
Tax Annual Amount 2766.0
Price Per Sq Ft 168.92
Acceptable Financing Cash Conventional
Vacation Rental Y/N N
Days on Market 25
Standard Status Active
Year Built Source Estimated
Tax Lot 00016
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Inclusions Includes microwave toys beds tables and chairs. Upstairs TV and everything in basement are also included.
Type of Parking On Street Driveway
Water View Y/N N
Building Area Total 1036.00
Lot Dimensions 13.00 x 0.00
Lot Size Acres 0.02
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 8400.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 328
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* Excluded Features
List By
Exp Realty, Llc

Broker

jenna@patmckennarealtors.com

Email

Affordability Calculator

$1,394
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,163
Monthly Property Taxes
$231
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/6/2024$175,000 Listed Price

Map


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328 Cherry Street, Camden, NJ, 08103 is a Commercial Property for sale at $175,000 with 1,306 sqft and a lot size of 0.02. 328 Cherry Street is a studio with 0.0 baths and was built in 1899. The property's zip code is 08103 which is in Camden, NJ