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Listed by Rich Warner • Warner Real Estate & Auction Company

$875,000

Est. payment - /mo

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1.95 Acres Lot

Active

399 FRONT ST Elmer, NJ 08318

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Additional details

Alexandra DiFilippo

alex@alexdifilippo.com +1(856) 298-9699

UPDATED:

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

Nearby School & Business

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Alexandra DiFilippo

Agent License ID: 1646832

+1(856) 298-9699

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