Pending

1071 S Route 47

Rio Grande NJ, 08242

$799,000


$13.10 per sqft

Pending

60,984 sqft

Commercial

Built in 1878

LISTING UPDATE - JANUARY 11, 2023: THE DEPARTMENT OF ENVIRONMENTAL PROTECTION (DEP) HAS DETERMINED THAT FRESHWATER WETLANDS AND WATERS ARE NOT PRESENT ON THIS PROPERTY, AND THAT NO PART OF THE PROPERTY OCCURS WITHIN A TRANSITION AREA OR BUFFER. THE MIDDLE TOWNSHIP TAX ASSESSOR'S OFFICE HAS UPDATED ITS RECORDS. ACCORDINGLY, THE LAND ASSESSMENT HAS AN INCREASE OF $153,600, RESULTING IN A TOTAL PROPERTY ASSESSMENT OF $583,300. AS OF JUNE 29, 2022, A NEW TOPOGRAPHIC SURVEY WAS COMPLETED - DUE TO SIZE IS NOT INCLUDED HEREIN BUT AVAILABLE IN HARD COPY FOR INTERESTED PARTIES. NEW SURVEY MARKERS IN PLACE FOR POTENTIAL BUYERS WANTING TO WALK THE PROPERTY. FOR INVESTORS, BUSINESS OPPORTUNISTS, AND ALL INTERESTED PARTIES, THIS LOCATION CAN'T BE BEAT. Options are endless with the incredible opportunity to own this commercial property in the heart of the business district in Rio Grande, New Jersey, the hub of business activity in lower Cape May County! Currently operating as a tattoo studio, this 1.40 acre parcel (60,984 sq feet) offers 153.9 feet of frontage on Route 47 S, a 1/4 mile shy of Railroad Avenue. With a depth on the right of 513 feet, there is a ton of space for structure, parking, storage, etc. The existing structure was built in 1878. The first level consists of the tattoo business. The second level is an apartment with two bedrooms, one bathroom, living room, kitchen, and office. There is a third floor made up of two bedrooms and a half bath. Whether your plan is to restore the existing structure or tear down and create new, there are endless possibilities for this commercial property. TIMING IS EVERYTHING AND THIS IS AN AWESOME OPPORTUNITY TO BUY COMMERCIAL IN THE HEART OF THE BUSINESS DISTRICT!! To schedule a showing, contact Barbara Kerrigan at Haines Realty.

211330

MLS ID

April 8, 2021

Listed

February 16, 2024

Updated

Map

1071 S Route 47
Rio Grande NJ, 08242

Interior Features

Total Stories

3


Interior Features

Living Space Available, Restroom, Storage


Floor Description

Linoleum/Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Wall Air Conditioning


Heating

Yes


Heating Description

Baseboard, Hot Water

Exterior/Building Features

Exterior Features

Storage Building, Block, Wood/Frame


Sewer

Public

Other Property Details

Area Name

Rio Grande


Days on Market

1037


Garage

No


View

No


County

Cape May County


Municipality

06-Middle Township


Water Source

Public


Pool

No


Zoning

Commerical

Listing History

Date

Event

Price

2/10/2024

Pending

2/9/2024

Pending

 

Courtesy of HAINES REALTY,

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ryan Vince shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Cape May County Association of REALTORS, Inc. All rights reserved.

Data last updated 2:08 AM UTC 2/16/2024

Powered byLuxury Presence