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519 Lakehurst Road

BROWNS MILLS, NJ 08015
  • $1,170,000
  • STATUS: Active Under Contract
  • ON SITE: 62 Days
  • ID#: NJBL2057998
Under Contract
UPDATED: 30 min ago
$1,170,000
  • 0
    BEDS
  • 16.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1978
County:

School Ratings & Info

School District:

Description

Prime investment property. 2.0 ac with 12,800 sf strip center retail building and 14.7 ac wooded property in Browns Mill, NJ. There are 16 units with 65 parking spaces. Now 75% of occupancy but still the cap rate is 8.5%. When you make more tenants, your cap rate will be 10%. The tenants are a Pizza restaurant, a Chinses restaurant, a Laundromat, a Dry Cleaner, a Doctor's office, a Barbershop, an SPA, and churches. The property's soil contamination is currently undergoing treatment. If the issue persists after the sale, the seller plans to contribute a certain amount to the escrow. If the buyer commits to resolving this issue, negotiations on the price are possible.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Redstone Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-03-02T10:55:32.223.
www.redstonerealty.us/homes/146288517
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519 Lakehurst Road BROWNS MILLS, NJ 08015

  • Price: $1,170,000
  • Status: Active Under Contract
  • On Site: 62 Days
  • Updated: 30 min ago
  • ID#: NJBL2057998
0
Beds
0
Baths
0
½ Baths
16.8
Acres
1978
Built
Neighborhood:
Pemberton Twp (20329)
County:
Burlington
Area:
Pemberton Twp (20329)
School District:
Pemberton Township Schools
Property Description
Prime investment property. 2.0 ac with 12,800 sf strip center retail building and 14.7 ac wooded property in Browns Mill, NJ. There are 16 units with 65 parking spaces. Now 75% of occupancy but still the cap rate is 8.5%. When you make more tenants, your cap rate will be 10%. The tenants are a Pizza restaurant, a Chinses restaurant, a Laundromat, a Dry Cleaner, a Doctor's office, a Barbershop, an SPA, and churches. The property's soil contamination is currently undergoing treatment. If the issue persists after the sale, the seller plans to contribute a certain amount to the escrow. If the buyer commits to resolving this issue, negotiations on the price are possible.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 12800.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 12800.00

Property Features

Accessibility Features 2+ Access Exits Assessment Year 2022 Business Type Hair Salon and SpaProfessionalReligious FacilityRestaurant/Bar Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Municipality PEMBERTON TWP Navigable Water YN N New Construction YN No Original MLSNumber 802792725734 Ownership Interest Fee Simple Possession 31-60 Days CD Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 35382.00 Tax Assessment Amount 1081700.00 Tax Lot 000260002500027 Vacation Rental YN No Water Source Public Zoning COMMERCIAL

Listing courtesy of Realty Mark Advantage: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Redstone Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-03-02T10:55:32.223.
 
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