$ 5,999,999
1304 Route 47 Rio Grande, NJ 08242
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,999,999
Est. payment /mo
Active
1304 Route 47 Rio Grande, NJ 08242
4.99 Acres Lot
UPDATED:
03/29/2024 07:26 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 582972
Annual Tax Amount $84,686
Tax Year 2023
Lot Size 4.990 Acres
Property Description
Welcome to “The Village Shoppes!” a rare opportunity to own a prime piece of commercial real estate in the up and coming area of Rio Grande. This expansive property spans 5 acres and features a total lot size of 18,526 square feet, offering a wide variety of commercial units spread throughout 3 buildings. With over 30+ commercial units this property presents a multitude of possibilities for the savvy investor. The property offers a diverse array of commercial unit sizes, all occupied by great, long-term tenants. Additionally, there is the potential to increase rental income by leasing the vacant units, making this an attractive opportunity for those seeking to maximize their investment return. Currently, the property boasts 4 residential units along with the potential to expand to a second story for additional residential space. The property's strategic location and the area's ongoing development make this an enticing proposition for those looking to capitalize on the growth potential of Rio Grande. Don't miss out on this rare chance to acquire a substantial commercial property!
Location
State NJ
County Cape May
Community Rio Grande
Area Middle Twp
Exterior
Waterfront No
Listed by Compass New Jersey-Ocean City