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Jonathan Granlund

jongranlund10@gmail.com +1(703) 537-6747

Listed by Rich Warner • Warner Real Estate & Auction Company

$875,000

Est. payment - /mo

1.95 Acres Lot

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID NJSA2015066

Year Built 2012

Available Date 2025-06-06

Annual Tax Amount $47,081

Tax Year 2024

Lot Size 1.950 Acres

Acres 1.95

Lot Dimensions 0.00 x 0.00

Property Sub-Type Office

Source BRIGHT

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.

Location

State NJ

County Salem

Area Elmer Boro (21703)

Zoning RP/LR-1

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Carpet, Laminated, Tile/Brick

Heat Source Natural Gas

Exterior

Garage Spaces 81.0

Utilities Available Electric Available, Cable TV Available, Natural Gas Available, Phone Available, Water Available

Water Access N

Roof Type Metal,Pitched

Street Surface Black Top,Paved

Accessibility Other

Road Frontage Boro/Township

Total Parking Spaces 81

Garage N

Building

Foundation Concrete Perimeter

Sewer On Site Septic

Water Public

New Construction N

Schools

Elementary Schools Elmer E.S.

Middle Schools Elmer

High Schools Arthur P. Schalick H.S.

School District Pittsgrove Township Public Schools

Others

Tax ID 03-00012-00007

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Financing Cash,Conventional,Exchange

Special Listing Condition Standard

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Nearby Locations

"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."

+1(703) 537-6747

jongranlund10@gmail.com

1765 Greensboro Station Pl, McLean, VA, 22102

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399 FRONT ST Elmer, NJ 08318