Thank you
Yongmei Tan
Tesla Realty Group LLC
844-837-5274
This stunning, multi-use renovated building offers numerous possibilities, and the lucky buyer will make a great return on this investment. Centrally Located on the corner of Black Horse Pike and Franklin Ave, the property underwent a complete renovation in 2008, resulting in a total available area of 5000 sqft, excluding an additional 800 sqft on the third floor. However, the tax records only indicate a size of 3628 sqft. With a large parking lot accommodating 12 to 15 cars, and boasting a strong business income, this property presents a prime opportunity. The first-floor commercial space spans 2500 sqft and has served as a beauty and wellness center for 16 years, generating substantial income. It features a spacious entrance room, five treatment rooms, a large training room, two full bathrooms, a first-floor laundry, and a sizable kitchen/dining area. Perfect for a salon, spa, nail shop, or professional offices, including medical practices, it could even be converted into a restaurant. The commercial space has the potential to yield significant rental income, ranging from $3000 to $3200 per month. Additionally, one of the treatment rooms could be partitioned for residential renting, with its separate entrance. The second floor, also spanning 2500 sqft, comprises three large bedrooms, each with an attached full bathroom, two well-appointed kitchens, two generously sized sitting rooms, and a second laundry room. It can be rented out as two to three separate units, fetching as much as $2800 to $3,200 per month. The third floor offers an extra bonus, with 800 sqft of space featuring a full bathroom, an unfinished kitchen, and three rooms currently utilized for storage. This unit presents further profit potential if utilized effectively. Exiting the door leads to a spacious ceiling deck, providing a delightful relaxation spot during the summer months. The property boasts three entrances for different levels, along with two separate city water/PSEG meters,central air conditioning and interior and exterior security systems. It comes equipped with four refrigerators, multiple window air conditioners, TVs in each room, and beautiful furnishings. All equipment can be transferred at a very reasonable price. Furthermore, the seller offers financing options, with interest rates as low as 5.2%, significantly lower than commercial mortgage rates. The property is being sold strictly in "as is, where is" condition. This distinguished property presents a golden opportunity. Don't miss your chance to secure your best investment today! Schedule a viewing to witness the wonders of this property firsthand!
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Water Source : Public
Cooling: Central A/C,Multi Units
Heating: Central
Cooling Fuel: Electric,Natural Gas
Heating Fuel: Natural Gas
Year Built: 1930
Structure: Detached
New Construction: No
Total Units: 3
Built: 1930
Construction Material: Brick
Foundation/Basement: Brick/Mortar,Concrete Perimeter
Architecture: Colonial,Dwelling with Rental
Pool/Private: No Pool
Utilities: Electric Available,Cable TV,Natural Gas Available,Water Available
Pool: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas
Lot Size: 9,148
Lot Size (Acres): 0.21
Architectural Style: Colonial,Dwelling with Rental
Stories Total: 3
Main Square Feet: 9,148
SQ ft: 5,000
SQ ft (Living Area): 5,000
Total Lot SQ ft: 9,148
Financing: Cash,FHA,VA,Seller Financing,Other
Total Acreage: 0.21
New Construction: No
Type: Colonial,Dwelling with Rental
Possession: Settlement
Days Of Market: 44
Annual Tax: $11,086
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement
Taxes Assessment Amount: $216,700
Parking Type: Parking Lot
Has Garage: N
Acceptable Financing: Cash,FHA,VA,Seller Financing,Other
Direction: Use GPS
School District: PLEASANTVILLE PUBLIC SCHOOLS
Electric Available,Cable TV,Natural Gas Available,Water Available
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric,Natural Gas
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Direction: Use GPS
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
12 Somerset Avenue , Pleasantville, NJ,08232 | $45,000 | -- | -- | 11,175 | 11175 Sqft |
40 Somerset Avenue , Pleasantville, NJ,08232 | $45,000 | -- | -- | 16,837 | 16837 Sqft |
909 Spruce Avenue , Pleasantville, NJ,08232 | $135,000 | 3 | 2.0 | 1,264 | 7500 Sqft |
14 Lake Place , Pleasantville, NJ,08232 | $265,000 | 4 | 1.5 | 1,525 | 3676 Sqft |
1104 Clematis Avenue , Pleasantville, NJ,08232 | $656,600 | 8 | 4 | 5,297 | 23345 Sqft |
7 E Lindley Avenue E, Pleasantville, NJ,08232 | $230,000 | 2 | 1.0 | 1,108 | 9375 Sqft |
138 Brighton Avenue , Pleasantville, NJ,08232 | $279,000 | 3 | 2.5 | 1,440 | 2675 Sqft |
30 Larchmont Drive , Pleasantville, NJ,08232 | $224,900 | 2 | 1 | -- | 5750 Sqft |
327 Oakland Avenue , Pleasantville, NJ,08232 | $599,000 | 3 | 3.0 | 1,344 | 3450 Sqft |
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ByOwner last updated this listing 04/30/2024 @ 13:50
MLS: NJAC2011716
LISTED BY: Yongmei Tan , Tesla Realty Group LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.