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    22-24 W High Street

    GLASSBORO, NJ 08028
    • $850,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: NJGL267522
    $850,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1890
    County:

    School Ratings & Info

    School District:

    Description

    Amazing opportunity for a business owner or someone hoping to begin a new business to own a mixed-use storefront and residential apartments providing immediate cash flow in a growing area of South Jersey. Situated directly across from +G+Rowan Boulevard,+G- a massive $425 million revitalization project consisting of bars, restaurants, classrooms, boutique shops, other retail, and student housing, this is a prime location in Glassboro. It has significant potential foot traffic for your business and a great location for your residential tenants. The mixed-use property consists of four residential apartments (One 3 bedroom, one 2 bedroom and 2 single unit apartments) and one commercial space (approx. 1,000 square feet not including 2,000 square foot basement) which can easily be split into two separate commercial units. The current owner has operated their business out of the commercial building since 2004. All four of the residential apartments have had a 100% occupancy rate for more than 15 years. The owner is currently relocating and expanding their business but has a commercial tenant prepared to sign a lease starting in 2021. The lease is pending based on sale of property giving new owner option of starting their own business or relocating to this prime location.This unique property is also in the Glassboro opportunity zone offering investors federal tax credits and benefits.And, unlike most neighboring mixed-use properties that surround it, this property has its own off-street private parking lot. Additional details can be provided to qualified buyers!

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    ©2020 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 Sail Lake 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: 2020-12-04T23:52:39.457.
    www.saillakerealty.com/homes/111938371
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    22-24 W High Street GLASSBORO, NJ 08028

    • Price: $850,000
    • Status: Active
    • ID#: NJGL267522
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1890
    Built
    Neighborhood:
    Glassboro Boro (20806)
    County:
    Gloucester
    Area:
    Glassboro Boro (20806)
    School District:
    Glassboro Public Schools
    Property Description
    Amazing opportunity for a business owner or someone hoping to begin a new business to own a mixed-use storefront and residential apartments providing immediate cash flow in a growing area of South Jersey. Situated directly across from +G+Rowan Boulevard,+G- a massive $425 million revitalization project consisting of bars, restaurants, classrooms, boutique shops, other retail, and student housing, this is a prime location in Glassboro. It has significant potential foot traffic for your business and a great location for your residential tenants. The mixed-use property consists of four residential apartments (One 3 bedroom, one 2 bedroom and 2 single unit apartments) and one commercial space (approx. 1,000 square feet not including 2,000 square foot basement) which can easily be split into two separate commercial units. The current owner has operated their business out of the commercial building since 2004. All four of the residential apartments have had a 100% occupancy rate for more than 15 years. The owner is currently relocating and expanding their business but has a commercial tenant prepared to sign a lease starting in 2021. The lease is pending based on sale of property giving new owner option of starting their own business or relocating to this prime location.This unique property is also in the Glassboro opportunity zone offering investors federal tax credits and benefits.And, unlike most neighboring mixed-use properties that surround it, this property has its own off-street private parking lot. Additional details can be provided to qualified buyers!
    Exterior Features

    Construction Materials Block 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 4880.00 Cooling Wall Unit Exclusions Tenant's Personal Property And Screen Printing Business Property. Heating Radiator Heating YN Yes Inclusions Appliances in All Units Net Square Feet 4880.00

    Property Features

    Accessibility Features 2+ Access Exits Annual Gross Expense 31827.63 Assessment Year 2020 Association Expense 0.00 Association YN No Business Type Other Central Air YN No Cooling Fuel Electric Cross Street Main Street Electric Expense 0.00 Gross Income 76200.00 Heating Fuel Natural Gas Hot Water 60+ Gallon Tank Incorporated City Name Glassboro Boro Insurance Expense 3525.80 Maintenance Expense 4000.00 Navigable Water YN N Net Operating Income 44372.37 New Construction YN No Number Of Units Total 0 Operating Expense Includes WaterInsuranceSewerRepair/MaintenanceSnow RemovalHeating/CoolingOther Original MLSNumber 304394209174 Other Expense 7533.15 Owner Pays HeatPest ControlRepairsSewerSnow RemovalTaxes - Real EstateWater Ownership Interest Fee Simple Possession 120-180 Days Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 9648.00 Tax Assessment Amount 272300.00 Tax Lot 00001 Total Actual Rent 76200.00 Trash Expense 0.00 Vacation Rental YN No Water Source Public Zoning C1

    Listing courtesy of Penzone Realty.


    ©2020 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 Sail Lake 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: 2020-12-04T23:52:39.457.
     
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