Penns Grove, NJ 08069,72 S BROAD ST
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Penns Grove, NJ 08069,72 S BROAD ST
Penns Grove, NJ 08069,72 S BROAD ST
Penns Grove, NJ 08069,72 S BROAD ST
Penns Grove, NJ 08069,72 S BROAD ST

$320,000

Est. payment /mo

$349,900

8.5%
Est.Price: ?

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72 S BROAD ST Penns Grove, NJ 08069

8,388 SqFt

SOLD DATE : 11/26/2024

Key Details

Sold Price $320,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 8,388 sqft

Price per Sqft $38

Subdivision None Available

MLS Listing ID NJSA2012788

Year Built 1943

Annual Tax Amount $8,254

Tax Year 2023

Lot Size 0.322 Acres

Property Description

Exceptional Investment Opportunity! This expansive 8,388 square foot mixed-use property offers versatility and potential for great returns. The first floor features a large commercial space perfect for a variety of businesses, with the option to convert the rear section into two additional residential units.

The upper floors include three spacious apartments. Units A and B each offer 3 bedrooms, 1 bathroom, and an open-plan living area with a combined kitchen and living room. Unit C is as large as a single-family home, featuring 5 bedrooms, 2 full bathrooms, a spacious eat-in kitchen with dining area, a laundry room, and a generous living room.

With some improvements, the estimated rental income is $1,500 per month for Units A and B, $2,000 for Unit C, and $2,000 for the commercial space. The property also includes a gated parking lot that accommodates 10+ cars, offering added convenience for tenants. Each unit has its own utilities, and all units are currently vacant.

This property is being sold as-is, where is condition.. Don't miss out on this prime investment!

Location

State NJ

County Salem

Area Penns Grove Boro (21708)

Zoning COMMERCIAL

Interior

Hot Water Electric, Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Flooring Laminated, Vinyl, Tile/Brick, Carpet

Exterior

Garage Spaces 10.0

Utilities Available Electric Available, Cable TV

Water Access N

Roof Type Flat

Building

Lot Description Level

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Penns Grove-Carneys Point Schools

Others

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Lucas M Romano • Romano Realty
Bought with Brooke Cocozza • BHHS Fox & Roach-Mullica Hill South

Jason Gareau

Broker

+1(609) 929-4486

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