1071 Route 47 S, Rio Grande, NJ 08242 – 564599 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$799,000,000

Est. payment - /mo

1.4 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 564599

Style Commercial,Light Industrial,Office Building,Retail,Restaurant

Year Built 1878

Annual Tax Amount $11,841

Tax Year 2023

Lot Size 1.400 Acres

Property Description

LISTING UPDATE - JANUARY 11, 2023: THE DEPARTMENT OF ENVIRONMENTAL PROTECTION (DEP) HAS DETERMINED THAT FRESHWATER WETLANDS AND WATERS ARE NOT PRESENT ON THIS PROPERTY, AND THAT NO PART OF THE PROPERTY OCCURS WITHIN A TRANSITION AREA OR BUFFER. THE MIDDLE TOWNSHIP TAX ASSESSOR'S OFFICE HAS UPDATED ITS RECORDS. ACCORDINGLY, THE LAND ASSESSMENT HAS AN INCREASE OF $153,600, RESULTING IN A TOTAL PROPERTY ASSESSMENT OF $583,300. AS OF JUNE 29, 2022, A NEW TOPOGRAPHIC SURVEY WAS COMPLETED - DUE TO SIZE IS NOT INCLUDED HEREIN BUT AVAILABLE IN HARD COPY FOR INTERESTED PARTIES. NEW SURVEY MARKERS IN PLACE FOR POTENTIAL BUYERS WANTING TO WALK THE PROPERTY. FOR INVESTORS, BUSINESS OPPORTUNISTS, AND ALL INTERESTED PARTIES, THIS LOCATION CAN'T BE BEAT. Options are endless with the incredible opportunity to own this commercial property in the heart of the business district in Rio Grande, New Jersey, the hub of business activity in lower Cape May County! Currently operating as a tattoo studio, this 1.40 acre parcel (60,984 sq feet) offers 153.9 feet of frontage on Route 47 S, a ¼ mile shy of Railroad Avenue. With a depth on the right of 513 feet, there is a ton of space for structure, parking, storage, etc. The existing structure was built in 1878. The first level consists of the tattoo business. The second level is an apartment with two bedrooms, one bathroom, living room, kitchen, and office. There is a third floor made up of two bedrooms and a half bath. Whether your plan is to restore the existing structure or tear down and create new, there are endless possibilities for this commercial property. TIMING IS EVERYTHING AND THIS IS AN AWESOME OPPORTUNITY TO BUY COMMERCIAL IN THE HEART OF THE BUSINESS DISTRICT!! To schedule a showing, contact Barbara Kerrigan at Haines Realty.

Location

State NJ

County Cape May

Community Rio Grande

Area Middle Twp

Location Details Business District

Interior

Interior Features Living Space Available, Restroom, Storage

Heating Baseboard, Hot Water

Flooring Linoleum/Vinyl

Exterior

Exterior Feature Storage Building

Parking Features 6 to 10 Spaces

Roof Type Pitched

Building

Story 3

Sewer Public Sewer

Water Public

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South Jersey Shore Regional MLS (SJSRMLS)

Listed by Haines Realty

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

1071 Route 47 S Rio Grande, NJ 08242

Joseph Lam

Key Details

Location

Interior

Exterior

Building

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1071 Route 47 S