399 Front St, Elmer, NJ 08318

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$875,000
Price Change
▼ $225,000 1763401627
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.

Additional Information

Area
Elmer Boro (21703)
School District
Pittsgrove Township Public Schools
Elementary School
Elmer E.S.
Middle School
Elmer
High School
Arthur P. Schalick H.S.
Flooring
Carpet, Laminate, Brick
Heating
Forced Air
Cooling
Central Air
Roof
Metal, Pitched
Utilities
Electric Available, Cable Available, Natural Gas Available, Phone Available, Water Available
Water
Public
Sewer
Septic Tank

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Warner Real Estate & Auction Company. Contact: