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Joseph Lam

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

Listed by Carla Cornick • Coldwell Banker Realty

$270,000

Est. payment - /mo

1.02 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID NJSA2016184

Year Built 1920

Annual Tax Amount $6,255

Tax Year 2023

Lot Size 1.020 Acres

Acres 1.02

Lot Dimensions 50.00 x 170.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

This 4-unit mixed-use property presents a tremendous opportunity and includes two storefronts (totaling 4,024 sq. ft.) along with a separate two-unit duplex (2,250 sq. ft.). The duplex is fully rented with cooperative tenants, generating $$1500 per month for the 3BR/1BA unit and $$1450 per month for the 2BR/1BA unit, for a total annual rental income of $35,100. Both residential units are separately metered.

The commercial buildings offer significant potential for renovation and can be adapted for a wide variety of uses. The property is being sold strictly as-is, with the buyer responsible for all due diligence, all permits and all required inspections. Please note that this property may not qualify for conventional financing. Acceptable financing options include cash purchase, hard money loan, or commercial loan. SOLD STRICTLY AS-IS. SELLER WILL MAKE NO REPAIRS.

Location

State NJ

County Salem

Area Penns Grove Boro (21708)

Zoning MIXED

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Multi Units, Window Unit(s)

Heat Source Natural Gas

Exterior

Garage Spaces 5.0

Water Access N

Accessibility 2+ Access Exits

Total Parking Spaces 5

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Penns Grove-Carneys Point Schools

Others

Tax ID 08-00065-00013

Ownership Fee Simple

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

80 S BROAD ST Penns Grove, NJ 08069

Joseph Lam

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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80 S BROAD ST