Listed By:
Realty Mark Advantage
Address
519 Lakehurst Road, Browns Mills, NJ
Price
$ 1,170,000
Property Attributes
  • MLS#NJBL2057998
  • TypePending
  • CountyBURLINGTON
  • CityBrowns Mills
  • AreaPemberton Twp
  • Zip08015
  • StyleHair Salon and Spa,Professional,Religious Facility
  • Year Built1978
  • Taxes$ 35382
  • Price$ 1,170,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12800
  • Lot Size16.8 Acres
Data Source:
Bright MLS
Property Description

Prime investment property. 2.0 ac with 12,800 sf strip center retail building and 14.7 ac wooded property in Browns Mill, NJ. There are 16 units with 65 parking spaces. Now 75% of occupancy but still the cap rate is 8.5%. When you make more tenants, your cap rate will be 10%. The tenants are a Pizza restaurant, a Chinses restaurant, a Laundromat, a Dry Cleaner, a Doctor's office, a Barbershop, an SPA, and churches. The property's soil contamination is currently undergoing treatment. If the issue persists after the sale, the seller plans to contribute a certain amount to the escrow. If the buyer commits to resolving this issue, negotiations on the price are possible.

Price History
12/30/2023 Listed $1,170,000

General Features

Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession 31-60 Days CD
Zoning COMMERCIAL
Construction Materials Brick
Year Built 1978
Property SubType Retail
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Hair Salon and Spa,Professional,Religious Facility,Restaurant/Bar
Accessibility 2+ Access Exits
County BURLINGTON
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Status PENDING
Directions Take Lakehurst Rd from Rt. 70,pass Ridge Rd,and it will be on the right side
ModificationTimestamp 2024-04-18T09:28:03
City BROWNS MILLS
Buyer Agent Compensation 2.5
Disclosures Other
MLS Area Pemberton Twp (20329)
Lot Size Square Feet 731808.00
Tax Assessed Value 1081700.0
Waterfront Y/N No
Street Name LAKEHURST
Tax Annual Amount 35382.0
Price Per Sq Ft 91.41
Vacation Rental Y/N No
Days on Market 46
Standard Status Pending
Year Built Source Assessor
Tax Lot 00026,00025,00027
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Yes
Street Suffix ROAD
Central Air Y/N Yes

Exterior Features

Water Source Public
Total Parking Spaces 65
Type of Parking Parking Lot
Water View Y/N No
Building Area Total 12800.00
Lot Size Acres 16.80
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 198000.00
Navigable Water Y/N No
Water Oriented Y/N No
Car Parking Spaces 65

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 08015

Price
AVG $280K
$1.17M
Taxes
AVG $4,969
$35,382
Visits
AVG 249
105
Data Provided by Inside Real Estate®
Year Built
AVG 1971
1978

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