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Key Details
Sold Price $415,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 5,372 sqft
Price per Sqft $77
Subdivision None Available
MLS Listing ID 1000140146
Sold Date 09/22/21
HOA Y/N N
Originating Board TREND
Year Built 1973
Annual Tax Amount $19,517
Tax Year 2018
Lot Size 1.260 Acres
Acres 1.26
Lot Dimensions 139 X 342
Property Description
The subject property is a U-shaped one-story brick/frame office building consisting of 5,372 SF of medical office situated on 1.26 +/- acres. Zoning is 4-A Commercial – PO. Parking is macadam surface, open air, overhead lighting with 20 striped parking spaces and another 2 handicap spaces. There is room for an additional 12 spaces. The grass coverage area along West Kings Highway actually has a macadam surface under the 4” topsoil and seeded area. There are two separate off-street ingress and egress drive cuts. Built approximately 1972, crawlspace. Building is three separate rental units. Each unit has its separate utilities of gas, electric, telephone, cable and public water and sewer service (one utility bill). Unit “C” (Center) presently owner-occupied, consists of two separate reception room areas, a center administrative work area, a lab/medical kitchen located behind that, 6 examination rooms, a full kitchen, a restroom, closet, two large executive offices, one small bookkeeping office and storage area on the second floor. Unit “B” (Right Side) consists of a waiting room, administrative reception station, three examination rooms, restroom, and ample storage closets. This unit is leased for until February 28, 2024 at $1,1315 per month. Vacate Clause in lease. Unit “A” (Left Side) presently leased until October 14, 2023. Monthly rental, $1,050. Vacate Clause in lease. Consists of reception room, office, three treatment rooms, restroom, utility room and office on second floor. Units 200 amp + service, FHA heating – heat pump, central air conditioning, electric domestic hot water heaters, security alarm systems, rear and front entrance doors. Owner will consider a lease-back or vacate and relocate if the buyer requires owner space. Leases provide for the following: Tenant pays (1) burglar alarm and burglar alarm monitoring service, if any is present; (2) fire alarm and fire alarm monitoring service, if any is present; (3) all exterminator’s service; (4) any janitorial service; (5) electric; (6) gas; (7) oil service; (8) telephone. Reimbursement to Landlord for 1/3rd the cost of water and sewer charges; private trash removal, snow and ice removal, lawn care and landscaping and any repairs or improvements to the parking lot. All other utility charges attributable to the Premises and the Tenant’s operation of Tenant’s business entity are paid by Tenant when due. Recent Upgrades Include: Heat Pump (Right Unit),Center Unit Flooring, New Roof, Electrical and plumbing upgrades, heat pump (Left Unit), New Domestic Hot Water Heater (Center), sump pumps. Total recent improvements exceed $75,000. Real estate tax appeal granted for total assessed value $390,000. Estimated future annual tax liability $13,302 versus current of $20,636 (2021).
Location
State NJ
County Gloucester
Area West Deptford Twp (20820)
Zoning PO
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Tile/Brick, Wood, Carpet, Vinyl
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 34.0
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Above Ground
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Road Frontage Boro/Township
Total Parking Spaces 34
Garage N
Building
Building Description Paneled Walls,Other, Private Restrooms,Fire Alarm,Kitchen,Security System
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Paneled Walls,Other
New Construction N
Schools
School District West Deptford Township Public Schools
Others
Tax ID 20-00358-00017
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Scott Kompa • EXP Realty, LLC