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Key Details
Sold Price $175,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJCD2073082
Sold Date 09/30/24
Originating Board BRIGHT
Year Built 1962
Annual Tax Amount $5,508
Tax Year 2023
Lot Size 3,202 Sqft
Acres 0.07
Lot Dimensions 32.00 x 100.00
Property Description
RARE INVESTMENT OPPORTUNITY!!! 2 Interior units in a 6 unit strip mall on busy secondary corridor. 807 & 809 are separately deeded, and 20 x 40 (800 SF Each- Total 1,600 SF). Nail Salon pays $850. monthly with 3 years left on a 5 year lease (graduated at $50. annually). Chinese restaraunt pays $1,000. month to month. Owner pays Sewer, CCMUA, taxes and property insurance. Tenant pays gas, electric and water. and business insurance. 807 and 809 are significantly under rented....please do not negotiate the sales price based on the present rents, it has been taken into consideration with the sales price. Gas Forced Heat, Central A/C, High Visibility Signage, 150-200 amp service, and 4 lined parking spaces w/Concrete Stops. 801 and 811 are owned and deeded separately, but not for sale currently. They are not my clients, but any potential buyer may be able to facilitate a sale with them in the future. Units will not be sold separately.
Location
State NJ
County Camden
Area Magnolia Boro (20423)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Waterfront N
Water Access N
Accessibility Level Entry - Main
Total Parking Spaces 12
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Sterling High
Others
Tax ID 23-00008 01-00005
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Eugene Panaro • Panaro Realty