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Elmer,NJ 08318
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 9,008 sqft
Price per Sqft $138
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
SqFt Source Assessor
Acceptable Financing Cash,Conventional,Exchange
Listing Terms Cash,Conventional,Exchange
Financing Cash,Conventional,Exchange
Special Listing Condition Standard