$99,900

537-538 North Broadway

PENNSVILLE NJ, 08070

Description

Great commercial location, located on Route 130 (N. Broadway) just a block from one of the busiest roadways on the east coast. The property is just a couple hundred feet from the NJ Turnpike, I295, Route 40 and the Delaware Memorial Twin Bridges. The building was a restaurant for many years. The first floor features a large dining room with high ceilings, a large bar area and a large kitchen, The 2nd floor has 2 rooms, one used as a large banquet room and 1 for meetings. The building has a full basement and a paved parking lot. The 1st floor is handicap accessible with 2 ramps. Included in the sale is a vacant lot across the street (80'x98') which has been used for overflow parking, The building could be used for may purposes: Offices, daycare, retail, fast food, catering, medical, etc... any remaining restaurant/kitchen supplies will remain with the property, if the buyer requests it. Owner will consider a lease purchase option. Property being sold in "as is" condition. Great location, great opportunity at a great price!! There is a duplex building on the property that is NOT included in the sale. The seller is in the process of subdividing the duplex off of the main building. Once that is completed, the lot will be smaller ( it will NOT affect the size of the parking lot) and the property taxes will also be reduced, The lower property tax has not yet been determined, but the township's rough estimate is that the taxes will be reduced by approximately $3,700 per year.

Details

MLS#NJSA134116
StyleIndustrial
Sub-TypeResale
StatusActive
Year1930
Days On Site130

Features

SQ Feet11,110
Story(s)0
ZoningCOMMERICAL

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Area Information

StateNJ
CityPENNSVILLE
Zip Code08070
AreaPennsville Twp (21709)
Listing VS Median (in 08070)
Price:
$99,900
low | high
Med:
$129,000
20.870870870871% of Average
SqFt:
11,110
low | high
Med:
1,250
100% of Average
$ / SqFt:
$9
low | high
Med:
$103
100% of Average
On Site:
130
low | high
Med:
58
100% of Average
Listing Updated: 09/14/2019
MLS Number: NJSA134116
Listing Provided By:
David H Wright  of  River Beach Realty Inc