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1301 W Forest Grove Road

VINELAND, NJ 08361
  • $1,429,000
  • STATUS: Active
  • ON SITE: 319 Days
  • ID#: NJCB2002818
UPDATED: 19 min ago
$1,429,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1990
County:

School Ratings & Info

Description

Strong investment opportunity located just outside of Philadelphia, in southern New Jersey. The property is rooted in the highly sought-after Vineland Industrial Park, which has immediate access to Philadelphia, northern New Jersey / New York, and Delaware ports. This property is being marketed at 1.349 million dollars, with a cap rate of 8%. The property features 9,879 square feet of office space, 6011 square feet of warehouse space and is currently occupied by 8 tenants. 40% of the leasable space is occupied by the existing owner whose business has been in operation for 41 years and is willing to enter into a long-term leaseback agreement with the purchaser. The building was constructed by Stanker and Galetto, a renowned industrial builder in the Philadelphia market in 1990 and has been meticulously maintained since. The property features updated mechanical systems, electrical systems, including high-efficiency products for energy-saving enhancement.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Charis Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-10-01T22:51:08.57.
www.charisrealtygroup.com/homes/123293142
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1301 W Forest Grove Road VINELAND, NJ 08361

  • Price: $1,429,000
  • Status: Active
  • On Site: 319 Days
  • Updated: 19 min ago
  • ID#: NJCB2002818
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1990
Built
Neighborhood:
Vineland City (20614)
County:
Cumberland
Area:
Vineland City (20614)
School District:
City Of Vineland Board Of Education
Property Description
Strong investment opportunity located just outside of Philadelphia, in southern New Jersey. The property is rooted in the highly sought-after Vineland Industrial Park, which has immediate access to Philadelphia, northern New Jersey / New York, and Delaware ports. This property is being marketed at 1.349 million dollars, with a cap rate of 8%. The property features 9,879 square feet of office space, 6011 square feet of warehouse space and is currently occupied by 8 tenants. 40% of the leasable space is occupied by the existing owner whose business has been in operation for 41 years and is willing to enter into a long-term leaseback agreement with the purchaser. The building was constructed by Stanker and Galetto, a renowned industrial builder in the Philadelphia market in 1990 and has been meticulously maintained since. The property features updated mechanical systems, electrical systems, including high-efficiency products for energy-saving enhancement.
Exterior Features

Construction Materials Combination Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 16000.00 Cooling Central A/C Fireplace YN No Heating Forced Air Heating YN Yes Net Square Feet 16000.00 Room List Primary Bedroom

Property Features

Accessibility Features None Association YN No Business Type WarehouseProfessional Central Air YN Yes Condo YN No Cooling Fuel Natural Gas Cross Street Delsea Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Municipality Vineland City Navigable Water YN N New Construction YN No Original MLSNumber 801190782748 Ownership Interest Other Possession Settlement Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 30392.13 Tax Assessment Amount 30392.13 Vacation Rental YN No Water Source Public Zoning 4B

Listing courtesy of A R Fanucci Real Estate, Inc: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Charis Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-10-01T22:51:08.57.
 
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Clarksburg MD, 20871