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SOLD
$200,000
Date 10/31/2023

101 N BROADWAY
Pennsville, NJ 08070

Office, Business Opportunities
Commercial
0.47
Acre Lot
Courtesy: Pino Agency; Phone: 856-678-4663
Agent Websites> New Jersey> Pennsville> 08070
This property is a versatile and potentially valuable investment! With its commercial zoning, it offers the opportunity to run a professional or retail business, or alternatively, it can be converted back to a residential home if the necessary paperwork is filed and approved with the township.The property's interior features are appealing, including hardwood floors and trim, a beautiful fireplace, a kitchen, and a half bath on the lower level, as well as three spacious bedrooms and a large bathroom on the upper level. The non-load-bearing interior walls in the back addition provide flexibility for potential renovations, allowing for customization to suit specific needs.The ownership of solar panels is a fantastic eco-friendly feature, and it's even better that the solar system is owned rather than leased. This will likely lead to reduced energy costs, as evidenced by the low electric bill of $17 in February. Currently, this property receives roughly $3000/year in solar credits.Additionally, the LOMA (Letter of Map Amendment) to remove the property from the flood zone is a significant advantage, as it can affect insurance costs and overall property value.Overall, this property presents a unique opportunity. If you're interested in either using this property for your business or converting it back to residential use, now is the time to act! Reach out to us and make an offer. However, before proceeding, it's essential to conduct your due diligence, review the property's history and documentation, and possibly consult with professionals to understand the process of converting the zoning.Good luck with your potential acquisition!
NJSA2006586
Office, Business Opportunities, Other
SALEM
1921
0.47 Acres
Public
Frame
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Pino Agency; Phone: 856-678-4663
This content last refreshed on 2/26/2024 6:59 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.