Property

Camden, NJ 08103 501 West Street

501 West Street Camden, NJ - Image 1501 West Street Camden, NJ - Image 2501 West Street Camden, NJ - Image 3
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Presented By: RE/MAX ONE Realty-Moorestown
  • MLS# NJCD2061076
  • 01/11/2024
  • Request Tour
  • Request Info
  • SQFT • 10,000

Home Details

Welcome to the Keystone Telegraph building, ideally located in the up and coming Lanning Square neighborhood. This area is on the border of both Downtown and the Medical Arts district. The property is located several blocks South of the MLK Blvd (Mickle Blvd), and a few blocks West of the booming Cooper Plaza / Medical Arts district along the Broadway corridor. There isn't a more convenient location to the Camden County Superior Court, Rutgers School of Nursing, Cooper-Rowan Medical School, PATCO High Speed Train, NJ Riverline Train, and countless other amenities! The building was constructed in 1900 +/- by the Keystone Telegraph & Telephone Company to house their South Jersey operations, connecting Philadelphia to Southern New Jersey. Keystone constructed their Camden City location to the highest standards - "over-built" doesn't begin to describe this 3 story brick structure. With over 11,500 square feet across three floors, this is the perfect opportunity for an owner-occupant or investor, to revitalize the site as a commercial office building, multifamily housing, a mixed use property, light commercial, retail, restaurant, daycare and more. While there is currently not an elevator, there is room on the property to either add an exterior elevator shaft, or retrofit a shaft within the existing structure. This modification would require city approval, however, a number of other buildings within the area have been granted such an approval. As one of the tallest structures in the neighborhood, sweeping views of the waterfront area and Downtown are visible from many vantage points. Preliminary engineering assessments have concluded that the building's existing construction would easily allow for one or two additional stories, adding 4000 to 8000 additional square feet of usable space - this information is not guaranteed, and should be verified independently by an engineer or other professional. Each of the three floors feature ceiling heights that soar up to 15 feet. The front and back of each floor is serviced by a modern staircase that meets code. As a result of the central beam construction, there are no interior load bearing walls - each floor can be subdivided or left completely open. One of the striking features are the 90+ oversized windows with keystone lintels, that flood each floor with sunlight from every direction. The building is situated on the South West corner of Berkley and West. Across the street, on the North West corner, is a 1 acre redevelopment site that recently received planning approval for an 87 unit market-rate apartment building for students and professionals. To the West, on the opposite end of the same block, is a newly renovated public park with outdoor amenities. To the South, is a modern medical building offering state of the art medical care. The property is located within one of Camden's federally-designated Opportunity Zones. With a rich history and great bones, the Keystone Telegraph building is the right property to make your plans a reality. Additional lot included, Lot 56, 432 Berkley St., 18' X 53'.
Presented By: RE/MAX ONE Realty-Moorestown

Interior Features for 501 West Street

Bathrooms

Total Restrooms3

Other Interior Features

Clear Span Ceiling Height12' to 15'
Central Air Y/NNo
Flooring3000+ PSI, Concrete, Wood
Heating FuelNatural Gas
Hot WaterNone
Total Stories3

Other Rooms

Entry Level1

General for 501 West Street

Acceptable FinancingBank Portfolio, Cash, Negotiable, Seller Financing
AccessibilityLevel Entry - Main, Ramp - Main Level, Vehicle Transfer Area
Builder NameKeystone Telegraph & Telephone
Building NameNONE AVAILABLE
Business TypeDay Care Facility, Other/General Retail, Professional
Buyer Agent Compensation2.5
Buyer Agent Compensation Type% Of Gross
CityCAMDEN
Construction MaterialsMasonry, Brick
Cool FuelNone
CoolingNone
CountyCAMDEN
Days on Market162
DirectionsDr. martin Luther King Blvd. to West Street. Follow to corner of West St. and Berkley St.
DisclosuresNone
Electric200+ Amp Service, 3 Phases, 440 Volts
HeatingNone
Lease Considered Y/NYes
Location TypeDowntown
Lot Size Square Feet3999.00
Lot Size UnitsSquare Feet
MLS AreaCamden City (20408)
ModificationTimestamp2024-06-12T12:05:42
MunicipalityCAMDEN CITY
New ConstructionNo
NumberOfUnitsTotal0
Percent OwnershipFee Simple
PossessionNegotiable, 0-30 Days CD
Possible UseApartment Building, Apartments, Bar/Tavern/Lounge, Barber/Beauty, Bed & Breakfast, Beer/Wine/Liquor, Clothing, Commercial, Convenience Store, Day Care, Development, Dry Cleaner, Financial, Flex Space, Florist/Nurs
Price Per Sq Ft Total AG34.29
Property ConditionMajor Rehab Needed
Property SubTypeMixed Use
Property TypeCommercial Sale
RoofPitched, Rubber
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameLANNING SQUARE
Tax Annual Amount4637.0
Tax Assessed Value135400.0
Tax Year2023
UtilitiesCable TV Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningR3
Zoning DescriptionHigh density residential.

Exterior for 501 West Street

Building Area Total11665.00
Car Parking Spaces10
Foundation DetailsBrick/Mortar
Land Assessed Value18700.00
Lot Dimensions100.00 x 40.00
Lot FeaturesAdditional Lot(s), Corner
Lot Size Acres0.09
Lot Size SourceAssessor
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Other EquipmentNone
Road ResponsibilityCity/County
Road Surface TypePaved
Total Loading Docks0
Total Parking Spaces10
Type of ParkingDriveway, Off Site
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Fabiane Farias

Associate
Price $400,000
MLS#NJCD2061076
List Date 01/11/2024
Property Type Commercial
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