Homes for sale - 1071 ROUTE 47 S, Rio Grande, NJ 08242

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Maya Felsenstein

Keller Williams in Cherry Hill, NJ

maya@mayafelsensteingroup.com +1(561) 797-7899

$ 799,000

Est. payment -/mo

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1071 ROUTE 47 S Rio Grande, NJ 08242

4 Beds

3 Baths

1.4 Acres Lot

UPDATED:

08/14/2024 07:26 AM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Subdivision Rio Grande

MLS Listing ID NJCM104932

Style Dwelling w/Separate Living Area

Bedrooms 4

Full Baths 2

Half Baths 1

HOA Y/N N

Originating Board BRIGHT

Year Built 1878

Annual Tax Amount $11,841

Tax Year 2023

Lot Size 1.400 Acres

Acres 1.4

Lot Dimensions 0.00 x 0.00

Property Description

UPDATE - JULY 17, 2024: AFTER BEING UNDER CONTRACT SINCE FEBRUARY 2024, THIS PROPERTY IS NOW BACK ON THE MARKET. 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 ¼ 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.

Location

State NJ

County Cape May

Area Middle Twp (20506)

Zoning TB

Rooms

Other Rooms Living Room, Kitchen, Office, Commercial/Retail Space

Interior

Hot Water Electric, Natural Gas

Heating Hot Water & Baseboard - Electric

Cooling Wall Unit

Heat Source Natural Gas

Exterior

Garage Spaces 7.0

Water Access N

Roof Type Shingle

Accessibility 2+ Access Exits

Total Parking Spaces 7

Garage N

Building

Story 3

Sewer Public Septic

Water Public

Architectural Style Dwelling w/Separate Living Area

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Middle Township Public Schools

Others

Senior Community No

Tax ID 06-01431 01-00003

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Edward W Haines • Haines Realty, LLC

Maya Felsenstein

Agent | License ID: 1968412

+1(561) 797-7899 | maya@mayafelsensteingroup.com

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Maya Felsenstein

1071 ROUTE 47 S Rio Grande, NJ 08242

Key Details

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1071 ROUTE 47 S