Under Contract

1071 Route 47 S

Rio Grande NJ, 08242

$799,000,000


Under Contract

Commercial

Built in 1878

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 1/4 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.

564599

MLS ID

April 8, 2021

Listed

May 9, 2024

Updated

Map

1071 Route 47 S
Rio Grande NJ, 08242

Interior Features

Total Stories

3


Interior Features

Living Space Available, Restroom, Storage


Floor Description

Linoleum/Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Wall Units


Heating

Yes


Heating Description

Baseboard, Hot Water

Exterior/Building Features

Lot Size

1.4 Acres


Exterior Features

Storage Building


Lot Features

Storage Building


Roof

Pitched


Sewer

Public Sewer

Other Property Details

Area Name

Middle Twp


Taxes

$11,841


Tax Frequency

Annually


Garage

No


Parking

6 to 10 Spaces


View

No


County

Cape May


Water Source

Public


Pool

No

Listing History

Date

Event

Price

2/10/2024

Pending

2/9/2024

Pending

Listed by TAMMY HAINES with Haines Realty
Listing Contact:  

The IDX display contains information sourced from the South Jersey Shore Regional MLS as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 South Jersey Shore Regional MLS all rights reserved.

Data last updated on 5/9/2024 at 8:55 AM UTC

 

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