This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/18
501 West Street, Camden, NJ 08103
$400,000
501 West Street, Camden, NJ 08103View this property at 501 West Street, Camden, NJ 08103
501 West StreetCamdenNJ08103
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/18
Property Description
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'.
Full Property Details
Full Property Details for 501 West St
General
- Price: $400,000
- Taxes: $4,637 (2023)
- Status: Active
- Type: Retail
- MLS ID: NJCD2061076
- Updated: 4/16/2024
- Added to Site: 131 day(s) ago
Business
- Business Type: Day Care Facility, Other/General Retail, Professiona
Interior
- Flooring: 3000+ PSI, Concrete, Wood
Rooms
Bathrooms
- Restrooms: 3
Parking
- Total Spaces: 10
- Parking Type: Driveway, Off Site
Location
- Area: Camden City (20408)
- Municipality: CAMDEN CITY
- County: Camden
- Development Name: Lanning Square
- Subdivision: Lanning Square
- Building Name: NONE AVAILABLE
- Cross Streets: Berkley
- Driving Directions: Dr. martin Luther King Blvd. to West Street. Follow to corner of West St. and Berkley St.
- Location Details: Downtown
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Heating Fuel: Natural Gas
- Water Heater: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Structural Information
- Builder: Keystone Telegraph & Telephone
- Construction: Masonry, Brick
- Foundation: Brick/Mortar
- Roof: Pitched, Rubber
- Ceiling Height: 12' to 15'
- Entry Floor Number: 1
- Stories/Levels: 3
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Major Rehab Needed
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,999
- Lot Size Source: Assessor
- Lot Dimensions: 100.00 x 40.00
- Street/Road Desc.: Paved
- Lot Features: Additional Lot(s), Corner
- Zoning: R3
- Lot Description: Additional Lot(s), Corner
Financial Considerations
- Price Per Sq. Ft.: $34.29
- Assessment Year: 2023
- Tax w/Assessment: $135,400
- Tax Amount: $4,637
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
Listed by Linda Burke
Get Pre-Approved Today
Schools
Schools serving 501 West St
School District:Camden City Schools
Rating | Name | Grades | Distance |
---|---|---|---|
Dr. Ulysses Simpson Wiggins
400 Mount Vernon St, Camden, NJ 08103 | PK-6 | 0.4 mi | |
1875 Park Blvd, Camden, NJ 08103 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 West St
Date
Details
Price
Change
Source
1/11/2024
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 West St
501 West Street, Camden, NJ 08103 (MLS# NJCD2061076) is a Retail property. 501 West Street is currently listed for $400,000 and was received on January 11, 2024. Want to learn more about 501 West Street? Do you have questions about finding other Retail real estate for sale in Camden? You can browse all Camden real estate or contact a Coldwell Banker agent to request more information.