Investment! Income Producing Office/Professional Building

  • $588,000
Featured For Sale
1637 New Road
Featured

Investment! Income Producing Office/Professional Building

1637 New Road
  • $588,000

Overview

  • Investment, Office
  • Property Type
  • Address 1637 New Road
  • State/county New Jersey
  • Zip/Postal Code 08225

Details

Updated on October 9, 2023 at 3:04 pm
  • Price: $588,000
  • Property Type: Investment, Office
  • Property Status: For Sale
  • Block #: 40
  • Lot #: 16
  • Lot Dimensions: 100 x 100
  • Lot Size: 0.23
  • Number of Washrooms: 6
  • Number of Buildings: 1
  • Number of Stories: 3
  • Parking Type: Paved, Off-Street
  • Frontage: 100'
  • Zoning: O-PB
  • Total Assessment: $275,000
  • Assessed Land Value: $187,500
  • Improvement Value: $87,500
  • Tax: $9,603
  • Tax Year: 2022
  • Air Conditioner: Central Air, Gas AC, Multi-Zoned
  • Basement: Finished, Full
  • Exterior Features: Signage
  • Construction/Siding: Wood Frame, Masonry, Vinyl
  • Heating: Forced Air, Gas - Natural
  • Hot Water: Gas
  • Interior Features: Restroom(s), Storage
  • Location: Business District, Corner
  • Road Frontage: Highway
  • Roof: Asphalt, Pitched
  • Sewer: Public
  • Specialty Rooms: Shower Room(s), Utility Room
  • Style: Office Building
  • Water: Public

Description

Income Producing Property located in arguably the most active market in Atlantic County. 1637 provides a flexible layout with single offices and private suites all at affordable monthly rents. Perfect setup for the market. Currently three tenants occupy space in the building ranging from office use to a Hair Salon. This is a great way to break up the uses in the building, zoned Office Professional Business. Rentals available for additional value or owner user. Call for marketing package and P & L.

All information is from sources deemed to be reliable; however, no warranty or representation is made as to the accuracy of the information provided herein by LEVIN Commercial Real Estate, LLC. (its principals, employees or agents). All information is submitted subject to errors, omissions or changes of availability and/or terms, which may be changed without liability upon discovery or notice. Many factors affect property value and the prospect agrees to take full responsibility for adequately investigating any potential conditions that may affect their ownership or usage of the property. All are advised and expected to retain competent advice for legal, financial, construction, architectural, engineering or appraisal matters, or any similar expertise, as LEVIN Commercial Real Estate, LLC. is a real estate brokerage firm and does not represent itself as a qualified professional in any other discipline.

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