399 Front St, Elmer, NJ 08318
- $875,000
- List Price
- $875,000
- Price Change
- ▼ $225,000 1763402136
- Days on Market
- 466
- Status
- ACTIVE
- MLS#
- NJSA2015066
- Lot Size (Acres)
- 1.9500000000000002
- Year Built
- 2012
- County
- Salem
- School District
- Pittsgrove Township Public Schools
Property Description
Attention Savvy Investors... Here's the sound real estate investment you have been looking for to add to your portfolio. Check out this 9,008 +/- sf ( 8,721 +/- sf net rentable area) one-story, four-unit commercial building sitting on 1.95 +/- acres. This property is well designed for medical professional services. You will appreciate this well constructed multi-tenant masonry and steel framed office building with a multi-angle pitched roof. This prime property offers 81 +/- parking spaces (including 4 designated for handicapped parking) on a macadam covered parking lot, pole-mounted lighting, concrete curbing and sidewalks and professional landscaping. The property is in the Zone X flood zone and the RP/LR-1 zoning district. The four (4) units layout are the following: Suite A - 1811 +/- sf , Suite B & C - 2391 +/- sf , Suite D - 1979 +/- sf and Suite E - 2352 +/- sf. Three of the four units are currently leased, and utilities are separately metered. The current gross annual income for the three leased units is $110,304 plus a pro-rata share of the expenses as additional income. Great location – walking distance to Inspira Medical Center and just minutes to Route 40 and Route 55. There is a 45kW natural gas powered Generac generator, which provides back-up power for Suites B and C . Great replacement property to complete a 1031 tax deferred exchange.
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Additional Information
- Area
- Elmer Boro (21703)
- Taxes
- $47081
- Stories
- 1
- School District
- Pittsgrove Township Public Schools
- Elementary School
- Elmer E.S.
- Middle School
- Elmer
- High School
- Arthur P. Schalick H.S.
- Flooring
- Carpet, Laminated, Tile/Brick
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Roof
- Metal, Pitched
- Utilities
- Electric Available, Cable TV Available, Natural Gas Available, Phone Available, Water Available
- Water
- Public
- Sewer
- On Site Septic
Mortgage Calculator
Listing courtesy of Warner Real Estate & Auction Company. Contact: 8567694111
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