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Key Details
Sold Price $900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 559619
Sold Date 04/11/22
Style Commercial,Heavy Industrial,Light Industrial
Year Built 1965
Annual Tax Amount $31,815
Tax Year 2021
Lot Size 8.020 Acres
Property Description
Great Opportunity to own this 8.26 acre property with a 45,020 sq. ft warehouse and office. This is one of the largest contiguous parcels in the city and is a critical anchor for establishing a premier identity within the Egg Harbor City Master Plan. It may be appropriate to utilize a Redevelopment Plan as a stimulus to attract interest in maximizing the development potential of this site. Currently the property has two tenants with one tenant paying $5500 per mo adjusted to $3000 temporarily for the Covid Pandemic with the lease ending 10-31-2023 and the other paying $2325 per mo with a lease ending 12-31-2022. In an addition to the leased units this property has a 4500 sq. ft combination warehouse shop with a 22' x 24' drive in door. In addition there is a cross dock warehouse space of 12098 sq. ft including 3 loading docks office and restrooms. The property still has almost 7 acres that can be used for possible parking and outside commercial storage and equipment parking with City approval Prior to the Pandemic in 2019 this property was listed for $1,450,000 representing the investment potential of this property in the near future as the Commercial Market begins to rebound. This property is now listed at $849,900 and being Sold in "As Is " condition hence the reduced pricing
Location
State NJ
County Atlantic
Community Egg Harbor City
Area Egg Harbor City
Location Details Corner
Rooms
Basement Slab
Interior
Interior Features Fire Sprinkler System, Restroom, Smoke/Fire Alarm
Heating Electric, Gas-Natural
Flooring Concrete
Exterior
Exterior Feature Restrooms, Storage Building, Loading Dock, Truck Door, Fence
Parking Features 11 or More Spaces
Roof Type Pitched
Building
Story 1
Sewer Public Sewer
Water Public
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