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Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
53
Photos
4
beds
3
baths
Built in
1878
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.
Features & Amenities
Interior
- Rooms:
- Living Room,Kitchen,Office,Commercial/Retail Space
- A/C:
- Wall Unit
- Heating:
- Y, Hot Water & Baseboard - Electric, Natural Gas
- Disability Feature:
- 2+ Access Exits
Exterior
- General:
- Above Grade,Below Grade
- Style:
- Dwelling w/Separate Living Area
Construction
- Roofing:
- Shingle
- General:
- Block,Other,Wood Siding, 3
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- MIDDLE TOWNSHIP PUBLIC SCHOOLS
- County:
- CAPE MAY
Lot
- Zoning:
- TB, 06-01431 01-00003
- Current Use:
- 0
Utilities
- Water:
- Public
- Sewer:
- Public Septic
Financial
- Source:
- BRIGHT_MAIN
- Exclusions:
- All equipment relative to tattoo business is excluded from the sale.
This listing courtesy of:
Haines Realty, LLC, Edward W Haines
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Rio Grande, NJ
Housing
- Number of Units
- 2,465
- Median Home Value
- $255,295
- Median Rent
- $1,311
27.53% of housing units are renter occupied.
18.88% are vacant.
Commute
- Car
-
86.25%
- Public Transportation
-
7.34%
- Walk to Work
-
0.03%
- Work from Home
-
3.56%
- Other
-
2.39%
The median travel time to work is 23 minutes.
People
- Population
- 4,819
- Median Age
- 40.90
- Median Household Size
- 2.34
Education
- High School
-
32.14%
- Associate’s Degree
-
7.50%
- Bachelor’s Degree
-
7.97%
- Graduate Degree
-
15.01%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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