$700,000
$799,000
12.4%For more information regarding the value of a property, please contact us for a free consultation.
4,410 SqFt
SOLD DATE : 07/30/2021
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,410 sqft
Price per Sqft $158
Subdivision None Available
MLS Listing ID NJAC116768
Sold Date 07/30/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1980
Annual Tax Amount $20,307
Tax Year 2020
Lot Size 0.803 Acres
Acres 0.8
Lot Dimensions 200 x 175
Property Description
Attention Investors... Check out this commercial investment property with long-term tenant. HC - Highway Commercial Zoning District - permitted uses include retail stores, restaurants, bars, banks, motels, service establishments, gasoline service stations, auto repair shops are more... High exposure location - 31,028 vehicles per day (2020 count). Property sold strictly "AS IS". Property is leased thru 9/30/2022. Gross rental annual income is $79,860 plus tenant pays for taxes and utilities. Copy of lease available upon request and signed NDA. Sale is subject to United States Bankruptcy Court approval.
Location
State NJ
County Atlantic
Area Absecon City (20101)
Zoning HC
Interior
Hot Water Electric
Heating Other, Forced Air
Cooling Wall Unit
Flooring Concrete
Heat Source Natural Gas
Exterior
Garage Spaces 32.0
Utilities Available Electric Available
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 32
Garage N
Building
Lot Description Interior, Level, Road Frontage
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Absecon City Schools
Others
Tax ID 01-00189-00008
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Bankruptcy
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Bought with Richard G Warner • Warner Real Estate & Auction Company
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "