Property Attributes
- MLS#NJCB2017372
- TypeCommercial
- CountyCUMBERLAND
- CityVineland
- AreaVineland City
- Zip08360
- StyleBanquet Facility/Lodge,Big Box Retail,Flex,/Genera
- Year Built1949
- Taxes$ 14866
- Price$ 1,150,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage20000
- Lot Size0.58 Acres
Data Source:
Bright MLS
Property Description
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.
Price History | |
---|---|
3/30/2024 | Listed $1,150,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Other |
Cooling | Other |
Possession | Negotiable |
Zoning | LMS |
Construction Materials | Other |
Year Built | 1949 |
Property SubType | Mixed Use |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Natural Gas |
Business Type | Banquet Facility/Lodge,Big Box Retail,Flex,Other/General Retail,Parking Lot,Professional,Recreation,Storage,Warehouse,Other |
Accessibility | 32 + wide Doors,2+ Access Exits,Ramp - Main Level,Other |
County | CUMBERLAND |
New Construction | No |
Property Type | Commercial Sale |
Possible Use | Commercial,Investment,Mixed Use,Professional Service,Retail,Warehouse,Wholesale,Other |
Water Access Y/N | No |
Property Use | Investment |
Status | ACTIVE |
Directions | Between Landis Ave & Wood Street. |
ModificationTimestamp | 2024-04-19T19:56:13 |
City | VINELAND |
Buyer Agent Compensation | 2.5 |
Total Units | 4 |
MLS Area | Vineland City (20614) |
Lot Size Square Feet | 25390.00 |
Tax Assessed Value | 470000.0 |
Waterfront Y/N | No |
Street Name | EAST |
Tax Annual Amount | 14866.0 |
Price Per Sq Ft | 57.5 |
Acceptable Financing | Cash,Private,Conventional |
Lease Considered Y/N | Yes |
Vacation Rental Y/N | No |
Days on Market | 33 |
Location Type | Business District |
Standard Status | Active |
Year Built Source | Assessor |
Tax Lot | 00002 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Hot Water | Natural Gas |
Total Stories | 2 |
Heating Y/N | Yes |
Street Suffix | BOULEVARD |
Central Air Y/N | No |
Total Restrooms | 6 |
Exterior Features
Parking Features | Paved Parking,Private |
---|---|
Water Source | Public |
Total Parking Spaces | 40 |
Type of Parking | Parking Lot |
Water View Y/N | No |
Building Area Total | 20000.00 |
Lot Dimensions | 0.00 x 0.00 |
Lot Size Acres | 0.58 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Total Loading Docks | 2 |
Land Assessed Value | 291500.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
Fencing Y/N | No |
LotDimensionsSource | Assessor |
Car Parking Spaces | 34 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool