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Vineland,NJ 08360
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $49
MLS Listing ID NJCB2017372
Originating Board BRIGHT
Year Built 1949
Annual Tax Amount $14,866
Tax Year 2023
Lot Size 0.583 Acres
Acres 0.58
Lot Dimensions 0.00 x 0.00
Property Description
*** MAJOR PRICE IMPROVEMENT! *** Welcome to an exceptional investment opportunity in Vineland! Presenting a versatile Mixed-Use Commercial property boasting four distinct units and an impressive total square footage exceeding 15,000. This property is a gem, offering two retail store fronts, a spacious warehouse at the rear equipped with a drive-in bay door (9'10" in height), an attached 2-car garage with overhead bay doors, as well as a sizable 5-bedroom apartment on the upper level, promising limitless potential for savvy investors.
Currently, one of the storefronts is under a secure 3-year lease, generating a reliable income of $1,300 per month with an annual monthly increment of $100. Meanwhile, the second storefront, approximately 30'x35' in size, stands vacant, awaiting your creative vision or an additional income stream through leasing, currently listed at $1,500 per month. Above, the generously sized apartment commands $2,000 per month in rent, ensuring steady returns.
Formerly operating as a bakery, the expansive warehouse, approximately 88' x 118', along with its equally spacious basement, retains much of its original infrastructure and equipment, offering a turnkey opportunity for various business ventures.
Complementing the property is a rear parking lot accommodating approximately 34 parking stalls, providing ample convenience for tenants and customers alike. Located in the heart of Vineland, this property invites you to immerse yourself in the flourishing downtown culture and seize the countless opportunities it presents.
Don't miss out on your chance to invest in this thriving hub of potential in Vineland's burgeoning real estate landscape! Perfectly situated in the City's revitalization hub, the 'LMS Zoning' of Landis Ave Main Street District presents countless opportunities for businesses aiming to flourish.
Location
State NJ
County Cumberland
Area Vineland City (20614)
Zoning LMS
Interior
Hot Water Natural Gas
Heating Other
Cooling Other
Heat Source Natural Gas
Exterior
Garage Spaces 40.0
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors,2+ Access Exits,Ramp - Main Level,Other
Parking Type Parking Lot
Total Parking Spaces 40
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District City Of Vineland Board Of Education
Others
Tax ID 14-03019-00002
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Private,Conventional
Listing Terms Cash,Private,Conventional
Financing Cash,Private,Conventional
Special Listing Condition Standard