Premium Location: Embrace the potential of this property that offers lucrative opportunities for the
discerning investor. Commercial storefronts on the lower level and potential for 2 residential units above. Situated on a bustling main street in Paulsboro's downtown business district.
Zoned for commercial use, the lower level boasts two well-maintained storefront offices.
High Potential Returns: With a current monthly revenue of $2,350 and projected monthly revenue of over $5,000.
Unit 1: Currently leased by Jackson Hewitt with a rent of $1,250/month until April 2027
Unit 2: Recently renovated and leased to a hair salon called Babe's Club at $1,100/mo until Dec 2026.
Both units feature commercial carpeting and/or laminate flooring, a kitchen area, powder room, drop ceilings, and offer a warm professional atmosphere. Additional storage space is available in the basement, equipped with bilco doors for ease of access, as well as interior access.
The upper level presents a unique opportunity. Previously gutted, it awaits transformation. With township approvals in place, there's potential for two residential units, projected at $1,600 per unit in rental income. Alternatively, maintain the space for commercial purposes, and maximize revenue.
Both first floor commercial units have newly installed mini-split HVAC units, and the entire building has a boiler with a newly installed gas burner (converted from oil to gas in 2022).