10 W Main St,MOORESTOWN, NJ 08057
MOORESTOWN, NJ 08057
Description
Prime Main Street Investment Property | Fully Occupied | Long-Term Lease in Place10 W. Main Street, Moorestown, NJRare opportunity to acquire a landmark mixed-use commercial property located in the heart of historic Moorestown's highly sought-after Main Street corridor. This beautifully maintained and extensively upgraded building offers immediate income, long-term stability, and future redevelopment potential through its flexible CRO (Commercial Residential Office) zoning designation. Currently fully occupied with a lease in place through 2028, plus two additional five-year renewal options, the property provides investors with secure cash flow while preserving future upside through potential residential or mixed-use redevelopment, subject to township approvals. Originally constructed with timeless architectural character and continuously maintained throughout ownership, the building features a stunning brick exterior, oversized covered front porch, grand foyer entrance, high ceilings, detailed trim work, crown molding, and an elegant winding staircase connecting all floors. Recent renovations and capital improvements have positioned the property as a true turnkey investment. Luxury vinyl plank flooring, fresh paint, updated lighting fixtures, premium carpeting, extensive mechanical upgrades, and infrastructure improvements allow for minimal deferred maintenance. Property HighlightsPrime Main Street location in the center of MoorestownFully occupied investment propertyCurrent lease through 2028Two additional 5-year renewal optionsCRO (Commercial Residential Office) zoningPotential future residential conversion or mixed-use redevelopmentHistoric building with modern updates10 on-site parking spaces plus street parkingWalking distance to restaurants, shops, and downtown amenitiesStrong tenant location with excellent visibilityRecent Capital ImprovementsComplete commercial-grade electrical rewire completed approximately one year agoNew commercial sub-panels installed throughout the buildingInterior sewer piping recently replaced with PVCExterior deck reconstructed prior to current tenancyNew sprinkler monitoring system installed approximately two years agoRoof recoated during current ownershipUpdated flooring, paint, carpeting, and lighting throughoutBuilding SystemsThe property contains multiple HVAC systems providing efficient climate control throughout the building: Rooftop HVAC system approximately 5-7 years old servicing upper floors with heating and air conditioningSeparate HVAC system approximately 2 years old servicing the first floor with heating and air conditioningExisting boiler system supports radiator heat on the upper floors and has been professionally maintainedRadiator system serves as supplemental heating, as the HVAC systems independently provide heat throughout the buildingTwo heating zonesThe building is protected by a monitored sprinkler system and all major systems have been regularly maintained. Insurance & UtilitiesTenants maintain renter/business personal property insuranceBuilding insurance maintained by ownershipEstimated annual building insurance approximately $13,000Utility responsibilities allocated pursuant to lease agreementsZoning & Future PotentialThe property's CRO zoning provides exceptional flexibility and creates future opportunities beyond its current use. The zoning permits both commercial and residential uses, allowing future owners to explore residential conversion, multi-unit redevelopment, or alternative mixed-use configurations, subject to municipal approvals.
Details
| MLS # | NJBL2114518 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 80 |
| Listing Provided By | BHHS Fox & Roach-Marlton | Dawn Varallo |
Features
| Zoning | R-3 |
|---|---|
| Acreage | 0.28 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Block |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Taxes
| Tax Annual Amount | 12292 |
|---|
Area Information
| State | NJ |
|---|---|
| County | BURLINGTON NJ |
| City | MOORESTOWN |
| Zip Code | 08057 |
| Area | Moorestown Twp (20322) |
| School District | MOORESTOWN TOWNSHIP PUBLIC SCHOO |
| Listing VS Median (in 08057) | |
Price: $1,600,000 low | high Med: $764,994 On site: 80 low | high Med: 19 | |
Market Activity 08057
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Learn More About This Property
| State | NJ |
|---|---|
| County | BURLINGTON NJ |
| City | MOORESTOWN |
| Zip Code | 08057 |
| Area | Moorestown Twp (20322) |
| School District | MOORESTOWN TOWNSHIP PUBLIC SCHOO |
| Listing VS Median (in 08057) | |
Price: $1,600,000 low | high Med: $764,994 On site: 80 low | high Med: 19 | |
