399 Front St,ELMER, NJ 08318
ELMER, NJ 08318
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.
Details
| MLS # | NJSA2015066 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2012 |
| Days On Site | 490 |
| Listing Provided By | Warner Real Estate & Auction Company | Richard G Warner |
Features
| Story(s) | 1 |
|---|---|
| Units | 4 |
| Zoning | RP/LR-1 |
| Acreage | 1.95 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Roof | Metal, Pitched |
|---|---|
| Construction Materials | Masonry |
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Parking, Private |
Utilities
| Utilities | Electric Available, Cable TV Available, Natural Gas Available, Phone Available, Water Available |
|---|
Taxes
| Tax Annual Amount | 47081 |
|---|
Area Information
| State | NJ |
|---|---|
| County | SALEM NJ |
| City | ELMER |
| Zip Code | 08318 |
| Area | Elmer Boro (21703) |
| School District | PITTSGROVE TOWNSHIP PUBLIC SCHOO |
| Elementary School | ELMER E.S. |
| High School | ARTHUR P. SCHALICK H.S. |
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Learn More About This Property
| State | NJ |
|---|---|
| County | SALEM NJ |
| City | ELMER |
| Zip Code | 08318 |
| Area | Elmer Boro (21703) |
| School District | PITTSGROVE TOWNSHIP PUBLIC SCHOO |
| Elementary School | ELMER E.S. |
| High School | ARTHUR P. SCHALICK H.S. |