Address
1071 Route 47 S, Rio Grande, NJ
Price
$ 799,000
Property Attributes
- MLS#NJCM104932
- TypePending
- CountyCAPE MAY
- CityRio Grande
- AreaMiddle Twp
- NeighborhoodRio Grande
- Zip08242
- StyleDwelling w/Separate Living Area
- Year Built1878
- Taxes$ 11841
- Price$ 799,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms1
- Lot Size1.4 Acres
Data Source:
Bright MLS
Property Description
LISTING 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 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.
| Price History | |
|---|---|
| 4/13/2021 | Listed $899,000 |
| 9/21/2021 | 12% - $799,000 |
General Features
| Sewer | Public Septic |
|---|---|
| Heating | Hot Water & Baseboard - Electric |
| Cooling | Wall Unit |
| Possession | Immediate |
| Roof | Shingle |
| Zoning | TB |
| Pool Y/N | No Pool |
| Architectural Style | Dwelling w/Separate Living Area |
| Construction Materials | Block,Other,Wood Siding |
| Exclusions | All equipment relative to tattoo business is excluded from the sale. |
| Year Built | 1878 |
| Levels | 3 |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | 2+ Access Exits |
| County | CAPE MAY |
| New Construction | No |
| Property Type | Residential |
| HOA / Comm Assn | No |
| Subdivision Name | RIO GRANDE |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | PENDING |
| Directions | Parcel is 1/4 mi shy of Railroad Avenue on Route 47 S in Rio Grande,NJ. |
| ModificationTimestamp | 2024-02-09T17:19:48 |
| City | RIO GRANDE |
| Buyer Agent Compensation | 2.5 |
| Senior Community Y/N | No |
| Zoning Description | Commercial |
| MLS Area | Middle Twp (20506) |
| Lot Size Square Feet | 60984.00 |
| Tax Assessed Value | 583300.0 |
| Waterfront Y/N | No |
| Street Name | ROUTE 47 |
| Tax Annual Amount | 11841.0 |
| Structure Type | Detached |
| Condo/Coop Association Y/N | No |
| Bathrooms Full Main Level | 1 |
| Bathrooms Count Main Level | 1.00 |
| Vacation Rental Y/N | No |
| Days on Market | 1033 |
| Standard Status | Pending |
| Year Built Source | Assessor |
| Tax Lot | 00003 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Electric,Natural Gas |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Full Baths | 2 |
| Half Baths | 1 |
| Central Air Y/N | No |
| Total Bedrooms | 4 |
| Room Type | Living Room,Kitchen,Office,Commercial/Retail Space |
| Below Grade Finished Area Unit Type | Square Feet |
| LivingAreaSource | Assessor |
| Below Grade Unfin Area Units | Square Feet |
| Below Grade Unfin SQFT Source | Assessor |
| Below Grade Finished Area Source | Assessor |
| Bedrooms Count All Upper Levels | 4 |
| Bedrooms Count Upper Level 1 | 2 |
| Bedrooms Count Upper Level 2 | 2 |
| Bathrooms Half Upper Level 2 | 1 |
| Bathrooms Half All Upper Levels | 1 |
| Bathrooms Full Upper Level 1 | 1 |
| Bathrooms Full All Upper Levels | 1 |
| Bathrooms Count Upper Level 2 | 1.00 |
| Bathrooms Count Upper Level 1 | 1.00 |
| Bathrooms Count All Upper Levels | 2 |
| Above Grade Finished Area Source | Assessor |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 3 |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 7 |
| Type of Parking | Parking Lot |
| Water View Y/N | No |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 1.40 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 418000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Parking Lot - # of Spaces | 7 |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Commercial/Retail Space | Main | |||
| Kitchen | Upper 1 | |||
| Living Room | Upper 1 | |||
| Office | Upper 1 |
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 08242
Price
Taxes
Visits
Year Built
Walkscore
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