501-517 WEST ST

$449,900

Camden, NJ 08103
  • 0.09 Acres

Property 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'.

NJCD2046790
Apr 29, 2023
100.00 x 40.00 Square Feet
LANNING SQUARE
Day Care Facility,Other/General Retail,Professional
$4,550
2022
Last Updated: Nov 1, 2023
Listed By Linda Burke

Directions

Dr. martin Luther King Blvd. to West Street. Follow to corner of West St. and Berkley St.

Bright MLS

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