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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
Property Sub-Type Office
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
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
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
Acceptable Financing Cash,Conventional,Exchange
Listing Terms Cash,Conventional,Exchange
Special Listing Condition Standard