1071 Route 47 S
Rio Grande, NJ, 08242 $ 799,000,000
Baths0.0 Monthly Estimate*
$ 5,581,254
Studio
for $799,000,000. This building was built in 1878 on a lot size of 1.4.
LISTING UPDATE - JANUARY 11, 2023: THE DEPARTMENT OF ENVIRONMENTAL PROTECTION (DEP) HAS DETERMINED THAT FRESHWATER WETLANDS AND WATERS ARE NOT PRESENT ON THIS PROPERTY, AND THAT NO PART OF THE PROPERTY OCCURS WITHIN A TRANSITION AREA OR BUFFER. THE MIDDLE TOWNSHIP TAX ASSESSOR'S OFFICE HAS UPDATED ITS RECORDS. ACCORDINGLY, THE LAND ASSESSMENT HAS AN INCREASE OF $153,600, RESULTING IN A TOTAL PROPERTY ASSESSMENT OF $583,300. AS OF JUNE 29, 2022, A NEW TOPOGRAPHIC SURVEY WAS COMPLETED - DUE TO SIZE IS NOT INCLUDED HEREIN BUT AVAILABLE IN HARD COPY FOR INTERESTED PARTIES. NEW SURVEY MARKERS IN PLACE FOR POTENTIAL BUYERS WANTING TO WALK THE PROPERTY. FOR INVESTORS, BUSINESS OPPORTUNISTS, AND ALL INTERESTED PARTIES, THIS LOCATION CAN'T BE BEAT. Options are endless with the incredible opportunity to own this commercial property in the heart of the business district in Rio Grande, New Jersey, the hub of business activity in lower Cape May County! Currently operating as a tattoo studio, this 1.40 acre parcel (60,984 sq feet) offers 153.9 feet of frontage on Route 47 S, a ¼ mile shy of Railroad Avenue. With a depth on the right of 513 feet, there is a ton of space for structure, parking, storage, etc. The existing structure was built in 1878. The first level consists of the tattoo business. The second level is an apartment with two bedrooms, one bathroom, living room, kitchen, and office. There is a third floor made up of two bedrooms and a half bath. Whether your plan is to restore the existing structure or tear down and create new, there are endless possibilities for this commercial property. TIMING IS EVERYTHING AND THIS IS AN AWESOME OPPORTUNITY TO BUY COMMERCIAL IN THE HEART OF THE BUSINESS DISTRICT!! To schedule a showing, contact Barbara Kerrigan at Haines Realty.
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Commercial PendingCommercial,Light Industrial,Office Building,Restau
FeaturesGeneralWater Public
Sewer Public Sewer
Heating Baseboard Hot Water
Status Under Contract Under Contract
Year Built 1878
Parking 6 to 10 Spaces
Style Commercial Light Industrial Office Building Restaurant Retail
Class COMMERCIAL/INDUSTRIAL
Tax Year 2023
Road Frontage State
Roof Pitched
Waterfront No
Area Middle Twp
Location Business District
Taxes 11841
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InteriorFlooring Linoleum/Vinyl
Hot Water Electric Gas
Stories 3
Interior Features Living Space Available Restroom Storage
Specialty Rooms Office Space Avail.
Air Conditioning Wall Units
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ExteriorLot 00003
Number of Buildings 1
Lot Dimensions 153.9 x 513
Lot Size Area 1.4
Exterior Features Storage Building
Exterior/Siding Block Frame/Wood
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $5,581,254
- Monthly Property Taxes
- $987
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Rio Grande, NJ
Average List Price $54,903,139
Percent of Sale Price 93%
About Rio Grande, NJ 3,574 Population
13% Since 2002
$ 51,196 Median Income
45.97 Median Age
14% Households with Children
Trends Information provided by ATTOM Data Solutions.
760537 Elementary School
760538 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
6/29/2022 | $799,000,000 | | Listed Price |