80 S BROAD ST new to site Save Request In-Person Tour Request Virtual Tour
Penns Grove,NJ 08069
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 44,431 sqft
Price per Sqft $6
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 $1,575 per month for the 3BR/1BA unit and $1,350 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. 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 . Bring all offers!
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
SqFt Source Estimated
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Financing Cash,Other
Special Listing Condition Standard