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Penns Grove,NJ 08069
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,388 sqft
Price per Sqft $41
Subdivision None Available
MLS Listing ID NJSA2012788
Year Built 1943
Annual Tax Amount $8,254
Tax Year 2023
Lot Size 0.322 Acres
Property Description
Exceptional Investment Opportunity! This expansive 8,388 square foot mixed-use property offers versatility and potential for great returns. The first floor features a large commercial space perfect for a variety of businesses, with the option to convert the rear section into two additional residential units.
The upper floors include three spacious apartments. Units A and B each offer 3 bedrooms, 1 bathroom, and an open-plan living area with a combined kitchen and living room. Unit C is as large as a single-family home, featuring 5 bedrooms, 2 full bathrooms, a spacious eat-in kitchen with dining area, a laundry room, and a generous living room.
With some improvements, the estimated rental income is $1,500 per month for Units A and B, $2,000 for Unit C, and $2,000 for the commercial space. The property also includes a gated parking lot that accommodates 10+ cars, offering added convenience for tenants. Each unit has its own utilities, and all units are currently vacant.
This property is being sold as-is, where is condition.. Don't miss out on this prime investment!
Location
State NJ
County Salem
Area Penns Grove Boro (21708)
Zoning COMMERCIAL
Interior
Hot Water Electric,Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Flooring Laminated,Vinyl,Tile/Brick,Carpet
Exterior
Garage Spaces 10.0
Utilities Available Electric Available,Cable TV
Waterfront N
Water Access N
Roof Type Flat
Building
Lot Description Level
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Penns Grove-Carneys Point Schools
Others
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Special Listing Condition Standard