The Fries Bldg
Mixed Use | 7.00% CAP | 7,800 SqFt
Marketing description
NO RENT CONTROL !!!
OWN THIS GEM OF A BLDG, a “REGISTERED LANDMARK TROPHY BLDG” THAT ANCHORS THE COMMERCIAL STRIP
8 Unit Mixed Use Commercial Stores w/Apt’s Above “THE FRIES BUILDING” Nationally Registered Historic Bldg.
Description: Fully Occupied 8 Unit Building on Prime Main St, Haddon Heights NJ
Location: This Building is @ the VERY HEART of The Retail Corridor of this “Affluent Bedroom Community” Next door to The Library, Across the St from Boro Hall & Municipal Court, Post Office, PNC Bank
Demographics: Population: 7,488 Median Household Income 1 - Mile: $126,055 5 - Miles: $90,387 10 Miles from Center City Philadelphia (pop 1,517,000) & right by the PATCO Station
Layout: Ground Floor 4 x Retail Storefronts 3,900sf (currently used as 2 Larger Stores by 2 Tenants)
Second Floor 4 Spacious Apartments 3,900 sf 3 x 2 Bdrm’s 1 x 1 Bdrm
Building Size: 7,800 sf 2 Story Built 41.1 x 95 Corner Brick Building, windows in all rooms
Utilities: Commercial Tenants pay for their own Heat, Gas, Electric, Landlord pays for Water & Sewer
Investment highlights
Own this Corner Landmarked Building, (The Former Post Office & Pharmacy) with tremendous Curb Appeal!
Besides seeing immediate Cash Flow, a Buyer will also have tremendous Pride of Ownership of this Landmark & Community Treasure, & have a safe & secure piece of Real Estate that will be there collecting Rent & Appreciating in Value for Years to come.
The Retail Tenants are local Treasures & have been featured on the Local NJ & Philly News Station & TV shows as well as in print & feature articles.
All Tenants have been there for years & are fully up to date & practically pay on the first of every month.
This Property just runs itself & appreciates in value especially in this affluent quant bedroom community.
No Deffered Maintaince has been well maintained & improvements done whenever needed
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