111 E Main St
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111 E Main St
2,763 SF 50% Leased Office Building Maple Shade, NJ 08052 For Sale
Investment Highlights
- Downtown Location
- Mixe-Use
- Onsite Parking
Executive Summary
Ideal for investor, professional or medical office users
Fit-out medical office on first floor
Two income producing apartments on second floor with private entrances
Off-street parking (6 spaces)
Four exam rooms with reception area
Easy access to Routes 73 and 38
Two miles from Cherry Hill Mall
Near various retailers and restaurants
Public transportation Bus 407 & 417 out front of neighboring building
Fit-out medical office on first floor
Two income producing apartments on second floor with private entrances
Off-street parking (6 spaces)
Four exam rooms with reception area
Easy access to Routes 73 and 38
Two miles from Cherry Hill Mall
Near various retailers and restaurants
Public transportation Bus 407 & 417 out front of neighboring building
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$37,200
|
$13.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$37,200
|
$13.46
|
| Taxes |
$8,500
|
$3.08
|
| Operating Expenses |
$3,000
|
$1.09
|
| Total Expenses |
$11,500
|
$4.16
|
| Net Operating Income |
$25,700
|
$9.30
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $37,200 |
| Annual Per SF | $13.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $37,200 |
| Annual Per SF | $13.46 |
| Taxes | |
|---|---|
| Annual | $8,500 |
| Annual Per SF | $3.08 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $1.09 |
| Total Expenses | |
|---|---|
| Annual | $11,500 |
| Annual Per SF | $4.16 |
| Net Operating Income | |
|---|---|
| Annual | $25,700 |
| Annual Per SF | $9.30 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,763 SF
Building Class
C
Year Built
1932
NOI
$52,250
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,570 SF
Slab To Slab
10’
Building FAR
0.37
Lot Size
0.17 AC
Zoning
Downtown Business - Downtown Business (DB) Zoning. Permits retail and professional office use.
Parking
5 Spaces (1.81 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Storage Space
- Basement
- Central Heating
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 19-00057-0000-00021 | Total Assessment | $246,600 |
| Land Assessment | $122,600 | Annual Taxes | $8,500 ($3.08/SF) |
| Improvements Assessment | $124,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
19-00057-0000-00021
Land Assessment
$122,600
Improvements Assessment
$124,000
Total Assessment
$246,600
Annual Taxes
$8,500 ($3.08/SF)
Tax Year
2024
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111 E Main St
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