1071 ROUTE 47 S Active Save Request In-Person Tour Request Virtual Tour
Rio Grande,NJ 08242
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