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101 N Broadway

PENNSVILLE, NJ 08070
  • $200,000
  • STATUS: Closed
  • ON SITE: 507 Days
  • ID#: NJSA2006586
Sold - 10/31/2023
$200,000
SOLD - 10/31/2023
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1921
County:

School Information

Middle School:
High School:

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!

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©2024 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 LoCoMusings | Century 21 Redwood 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: 2024-06-20T22:53:48.07.
www.locomusings.com/homes/136558674
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101 N Broadway PENNSVILLE, NJ 08070

  • Price: $229,900
  • Status: Closed
  • On Site: 507 Days
  • Updated: 98 min ago
  • ID#: NJSA2006586
0
Beds
0
Baths
0
½ Baths
0.47
Acres
1921
Built
Neighborhood:
Pennsville Twp (21709)
County:
Salem
Area:
Pennsville Twp (21709)
Middle School:
Pennsville
High School:
Pennsville Memorial
School District:
Pennsville Township Public Schools
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!
Exterior Features

Construction Materials Frame Garage YN No Location Type Corner Lot/Unit Parking Types Parking Lot Property Condition Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2672.00 Cooling Central A/C Exclusions All medical/office equipmentMirror above fireplacefireplace equipment Flooring Hardwood Heating RadiatorForced Air Heating YN Yes Inclusions FridgestovedishwashermicrowaveWasher/Dryerall in as-is condition.Security cameras and phones - negotiable Net Square Feet 2672.00

Property Features

Acceptable Financing CashConventional Accessibility Features Ramp - Main Level Assessment Year 2022 Business Type ProfessionalOtherOther/General RetailHair Salon and SpaMedical Buyer Financing Cash Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Foundation Details Block Heating Fuel Oil Hot Water Electric Municipality PENNSVILLE TWP Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 802129254250 Ownership Interest Fee Simple Possession Settlement Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 12878.00 Tax Assessment Amount 270900.00 Tax Lot 00008 Utilities Electric AvailableMultiple Phone Lines Vacation Rental YN No Water Source Public Zoning 04 Zoning Description Commercialbut can be changed to Residential if proper paperwork is filed along with feeand Township approval.

Listing courtesy of Pino Agency: .


©2024 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 LoCoMusings | Century 21 Redwood 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: 2024-06-20T22:53:48.07.
 
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