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This commercial office building consists of 2 separate buildings (1 deed, 1 tax bill). The property consists of a 2 story building with 3 office rental units and a separate building in the rear. The entire first floor of the main building is a 1,200 square foot suite with a reception area, 3 private offices, a storage area and a private rest room. The suite has it's own HVAC System. The 2nd floor consists of 2 office suites, each with a reception area and 2 private offices. The suites share a rest room. There is a separate building at the back of the property that fronts on Chestnut Street. It is one large open area and it's own rest room. That is serviced by electric baseboard heat and a wall air conditioning unit. The buildings are serviced by a paved parking lot with 9 parking spaces and night time lighting. The lawn has an irrigation sprinkler system. Recent updates include a new roof on the main building in 2019, new windows on the 2nd floor of the main building, new Luxury Vinyl Flooring in unit C and also in the back building. A front door with sidelights is new and 2 natural gas lines have been installed to the building in anticipation of converting the main building to natural gas heat. The current combined monthly rental income is $3,925 per month. The building has been well maintained with a great location in the center of town. Use one unit for your own business and cover expenses with the other 3 units. 48 hour notice for all showings are a must! Listing agent must be present for all showings. Landlord pays electric in main building (#2 Chestnut) and heat for 2nd floor. Tenant pays electric and heat in back building (#6 Chestnut). Possible uses are business office, Real Estate, Insurance, Construction office, Lawyer, Doctor's office, Etc. Back building is being used as a business office. Past uses has been a pet groomer, hairdresser and construction office. Unit C in main building has just become vacant. Unit B is on a month to month lease (7 year tenant), Unit A is leased thru 12/24 and building 6 Chestnut is leased thru 1/26.
| DAYS ON MARKET | 103 | LAST UPDATED | 10/9/2024 |
|---|---|---|---|
| YEAR BUILT | 1972 | COMMUNITY | Pennsville Twp (21709) |
| COUNTY | SALEM | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Oct 9, '24 | $419,900 |
|---|---|
| Oct 9, '24 - Today | $399,900 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Pennsville Twp (21709) |
| CONSTRUCTION | Brick, Frame |
| HEAT | Baseboard, Electric, Forced Air, Oil |
| LOT | 8712 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 50.00 x 175.00 |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 13192 |
| WATER | Public |
| ZONING | commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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