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101 N BROADWAY Pennsville, NJ 08070
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Key Details
Sold Price $200,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 2,672 sqft
Price per Sqft $74
MLS Listing ID NJSA2006586
Sold Date 10/31/23
Originating Board BRIGHT
Year Built 1921
Annual Tax Amount $12,878
Tax Year 2022
Lot Size 0.474 Acres
Acres 0.47
Lot Dimensions 125.00 x 165.00
Property Description
This property is a versatile and potentially valuable investment! With its commercial zoning, it offers the opportunity to run a professional or retail business, or alternatively, it can be converted back to a residential home if the necessary paperwork is filed and approved with the township.
The property's interior features are appealing, including hardwood floors and trim, a beautiful fireplace, a kitchen, and a half bath on the lower level, as well as three spacious bedrooms and a large bathroom on the upper level. The non-load-bearing interior walls in the back addition provide flexibility for potential renovations, allowing for customization to suit specific needs.
The ownership of solar panels is a fantastic eco-friendly feature, and it's even better that the solar system is owned rather than leased. This will likely lead to reduced energy costs, as evidenced by the low electric bill of $17 in February. Currently, this property receives roughly $3000/year in solar credits.
Additionally, the LOMA (Letter of Map Amendment) to remove the property from the flood zone is a significant advantage, as it can affect insurance costs and overall property value.
Overall, this property presents a unique opportunity. If you're interested in either using this property for your business or converting it back to residential use, now is the time to act! Reach out to us and make an offer. However, before proceeding, it's essential to conduct your due diligence, review the property's history and documentation, and possibly consult with professionals to understand the process of converting the zoning.
Good luck with your potential acquisition!
Location
State NJ
County Salem
Area Pennsville Twp (21709)
Zoning 04
Interior
Hot Water Electric
Heating Radiator, Forced Air
Cooling Central A/C
Flooring Hardwood
Heat Source Oil
Exterior
Garage Spaces 6.0
Utilities Available Electric Available, Multiple Phone Lines
Waterfront N
Water Access N
Accessibility Ramp - Main Level
Parking Type Parking Lot
Total Parking Spaces 6
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Pennsville
High Schools Pennsville Memorial
School District Pennsville Township Public Schools
Others
Tax ID 09-01704-00008
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Cheryl Cashman • Pino Agency