Commercial/Townhouse Redevelopment Opportunity Address: 300-328 South White Horse Pike, Berlin, New Jersey 08009 is located at the intersection of Route 30, a major east-west thoroughfare, and Florence Avenue. It is in the borough of Berlin, in southwestern New Jersey, and is part of the Camden-Cherry Hill MSA. Formerly anchored by K-Mart and Acme Supermarket, the site is a prime redevelopment opportunity which permits both commercial and residential uses. Current tenants include: Dollar General, Dry Cleaners, Chinese Restaurant and an Italian Restaurant. + Lot Size: 20.99 AC + Year Built: 1974 + GLA: ± 188,728 sf + Parking: 1,025 Surface Spaces + Block & Lot: 1800 / 9 + Taxes: $159,834 ($0.85 psf) + Zoning: C-2 Neighborhood Commercial District / R-4 Townhouse District. Located in the Whitehorse East Redevelopment Area DEMOGRAPHICS 1 MILE 3 MILES 5 MILES Population 5,357 34,068 99,661 Households 1,898 11,926 35,748 Median Household Income $66,798 $77,490 $71,273 Median Value of Owner Occ. Housing Units $232,681 $226,813 $223,548
PROPERTY INFORMATION RENT ROLL SIZE (SF) RENT PSF MONTHLY RENT ANNUAL RENT Dollar General 10,290 $7.84 $6,722.80 $80,673.60 Berlin Cleaners 2,047 $13.74 $2,343.82 $28,125.84 Happy Family Chinese 1,640 $15.80 $2,159.33 $25,911.96 Pasta Vino 5,594 $9.00 $4,200.00 $50,400.00 Total: $15,425.95 $185,111.40
ZONING: C-2 Neighborhood Commercial District A. Purpose. The purpose of the C-2 District is to provide for neighborhood scale office, professional, service and commercial uses in areas abutting major roads including portions of the Borough formerly devoted to residential uses that have become impacted by congestion associated with increasing traffic and attendant highway improvements. In the Pinelands area, development shall comply with the C-2 District regulations, except that, to the extent there may be an inconsistency with the C-2 District regulations, the Pinelands Area regulations ( 335-77K) shall prevail. B. Permitted principal uses. The following shall be permitted principal uses in the C-2 District: (1) The retail sale of general merchandise in structures containing a floor area of less than 25,000 square feet, such as but not limited to consumable products, pharmaceuticals, reading materials, music, gifts, flowers, stationery and related paper products, office supplies, wearing apparel and shoes, hardware, paint, wallpaper, carpets and other floor coverings, furniture and other household goods, lawn and patio equipment and related supplies, appliances, confections, and auto accessories. (2) Service uses including, but not limited to the repair and servicing of appliances, shoe repair, cleaners, laundries, tailors, barbershops and beauty salons. (3) Offices and banks. (4) Funeral homes. (5) Medical service uses including but not limited to doctors, chiropractors, dentists, and medical clinics. (6) Veterinarians and animal hospitals without outside kennels. (7) Restaurants. Restaurants with drive-up window service shall be subject to the conditional use standards for these uses as specified below. (8) Health clubs and exercise centers including dance studios and related uses. (9) Preexisting residential uses subject to the standards and controls established for the R-1 District. The establishment of new residential uses in the C-2 District shall be prohibited unless authorized by the Borough Planning Board serving in its capacity as a Zoning Board of Adjustment. (10) Borough uses. (11) Utility services as defined herein. (12) Child-care centers, or day-care centers, provided that they meet the requirements of 335-77D.
ZONING: R-4 Townhouse District A. Purpose. This district is intended to provide for townhouse development in a planned residential development with an inclusionary affordable housing component. All development within the R-4 Townhouse District shall be planned development. B. Permitted principal uses. The following shall be permitted principal uses in the R-4 District: (1) Townhouse dwellings. (2) Parks and open space areas. (3) Municipal purposes. C. Permitted accessory uses and structures on the same lot and used in conjunction with a permitted principal use as follows: (1) Off-street parking and private garages. (2) Community center and community rooms for the use of residents and guests. (3) Community swimming pools and indoor recreation for the use of residents and guests. (4) Outdoor recreational facilities, including tennis or other court sports. (5) Manager and rental office. (6) Maintenance building. (7) Gatehouse on a private street only. (8) Bus shelter. (9) Accessory uses customarily incidental to and occupying the same lot as a principal use. D. Affordable housing. Any development within the R-4 District shall restrict a minimum of 25% of the total dwellings for affordable housing. The construction and occupancy of the affordable housing shall comply with Chapter 193 of the Code of the Borough of Berlin, promulgated rules of the New Jersey Council on Affordable Housing, or successor agency, and the Uniform Housing Affordability Controls (N.J.A.C. 5:80-26.1 et seq.) or successor document. To the greatest extent feasible, the affordable housing shall be evenly distributed throughout the development. The exterior facades of affordable housing dwellings shall be indistinguishable from the other dwellings with the development. E. Area, yard, density, and coverage requirements or limitations. (1) The minimum tract area shall be five acres of contiguous land. (2) The minimum tract perimeter setback for a building shall be 50 feet, excepting gatehouses and bus shelters. Gatehouses shall be set back from the tract perimeter a minimum of 25 feet and bus shelters may be placed on the front property line. (3) The maximum density shall not exceed 8.85 dwellings per acre, or a total of 80 dwellings, whichever is less. (4) Maximum lot coverage: 60% of the gross land area. (5) Building limitations and separation requirements. (a) Maximum dwellings per townhouse dwelling: eight dwellings. (b) Minimum distance from building front to building front: 75 feet. (c) Minimum distance from building front to building side: 65 feet. (d) Minimum distance from building front to building rear: 65 feet. (e) Minimum distance from building side to building rear: 55 feet. (f) Minimum distance from building rear to building rear: 40 feet. (g) Minimum distance from building side to building side: 20 feet. (6) Building dimension limitations. Minimum and maximum building dimensions shall be as follows: (a) Minimum width of townhouse with no attached garage: 20 feet. (b) Minimum width of townhouse with attached or internal garage: 22 feet. (c) Maximum building length through the long axis: 220 feet. (d) Maximum building height: three stories and 45 feet. (7) Building setbacks, streets. The minimum building setbacks from a public or private street, excepting gatehouses and bus shelters, shall be as follows: (a) Front or rear facade: 25 feet. (b) Side facade: 12 feet. (8) Setbacks, parking lots: Where parking lots are proposed, no parking space shall be closer than 10 feet to a building and within 25 feet of a tract perimeter. This subsection shall not be construed to apply to driveways associated with individual dwellings. (9) Accessory buildings shall conform to the requirements for principal buildings, except as indicated hereinabove for gatehouses and bus shelters. F. Additional requirements. The following additional requirements shall pertain to development in the R-4 District: (1) An outdoor sitting area, dog walk, or similar gathering place shall be provided with a minimum area equal to 20 square feet per dwelling.
AERIAL Former K-Mart 300-328 South White Horse Pike
CONTACT US Sam Bernhaut Robert J. L Abbate Nicole Nannola Allyson A. L Abbate Vice President +1 201 712 5884 Samuel.Bernhaut@cbre.com Vice President +1 201 712 5606 Robert.LAbbate@cbre.com Associate +1 201 712 5821 Nicole.Nannola@cbre.com Associate +1 201 712 5645 Allyson.LAbbate@cbre.com 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. 300-328 South White Horse Pike, Berlin, New Jersey 08009 Capital Markets Investment Properties