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Attention Savvy Investors... Here's the sound real estate investment you have been looking for to add to your portfolio. Check out this 9,008 +/- sf ( 8,721 +/- sf net rentable area) one-story, four-unit commercial building sitting on 1.95 +/- acres. This property is well designed for medical professional services. You will appreciate this well constructed multi-tenant masonry and steel framed office building with a multi-angle pitched roof. This prime property offers 81 +/- parking spaces (including 4 designated for handicapped parking) on a macadam covered parking lot, pole-mounted lighting, concrete curbing and sidewalks and professional landscaping. The property is in the Zone X flood zone and the RP/LR-1 zoning district. The four (4) units layout are the following: Suite A - 1811 +/- sf , Suite B & C - 2391 +/- sf , Suite D - 1979 +/- sf and Suite E - 2352 +/- sf. Three of the four units are currently leased, and utilities are separately metered. The current gross annual income for the three leased units is $110,304 plus a pro-rata share of the expenses as additional income. Great location - walking distance to Inspira Medical Center and just minutes to Route 40 and Route 55. There is a 45kW natural gas powered Generac generator, which provides back-up power for Suites B and C . Great replacement property to complete a 1031 tax deferred exchange.
| DAYS ON MARKET | 2 | LAST UPDATED | 6/4/2025 |
|---|---|---|---|
| YEAR BUILT | 2012 | COMMUNITY | Elmer Boro (21703) |
| COUNTY | SALEM | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | PITTSGROVE TOWNSHIP PUBLIC SCHOOLS |
|---|---|
| Elementary School | ELMER E.S. |
| Jr. High School | ELMER |
| High School | ARTHUR P. SCHALICK H.S. |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Elmer Boro (21703) |
| HEAT | Forced Air, Natural Gas |
| LOT | 1.95 acre(s) |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Private, Paved, Parking Lot |
| SEWER | Septic Tank |
| STORIES | 1 |
| TAXES | 47081 |
| UTILITIES | Cable Available, Natural Gas Available, Phone Available, Water Available, Electricity Available |
| WATER | Public |
| ZONING | Residential Professional/Low Density Residential District |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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