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$429,000 Just Listed

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  • Active
  • Business
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Excellent Investment Opportunity: Commercial Building for Sale in the heart of Merchantville. This commercial building enjoys a highly visible position in the heart of bustling Merchantville, ensuring maximum exposure to potential customers. The current tenant, a well-established Japanese restaurant, has a 5-year lease with an option to renew, providing stable and consistent income. The building features a dedicated parking lot, offering ample and convenient parking for both customers and staff. Enter into an inviting dining room, complete with a sushi bar. A full bathroom and a well-equipped commercial kitchen are located towards the rear of the building. Stairs lead to additional dining space upstairs, accompanied by a bathroom and a dedicated preparation room. There is a full basement with plenty of storage space a walk-in refrigerator and a walk-in freezer. This property presents a strong investment opportunity with a stable income stream and the potential for future appreciation in a thriving location. To schedule a viewing, please provide proof of funds. Please do not disturb employees during business hours.

Full Property Details for 47 S Center St

General

  • Price: $429,000
  • Taxes: $10,551 (2024)
  • Status: Active
  • Type: Business
  • Source: BrightMLSPhilly
  • MLS ID: NJCD2085060
  • Updated: 1/25/2025
  • Added to Site: 3 day(s) ago

Business

  • Business Type: Restaurant/Bar

Rooms

Bathrooms

  • Restrooms: 2

Parking

  • Total Spaces: 5
  • Parking Type: Parking Lot

Location

  • Area: Merchantville Boro (20424)
  • Municipality: MERCHANTVILLE BORO
  • County: Camden
  • Development Name: Merchantville Border
  • Subdivision: Merchantville Border
  • Cross Streets: Main Street
  • Driving Directions: Corner of Main Street & Centre Street

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Natural Gas, Electric
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Block
  • Stories/Levels: 0
  • Year Built: 1880
  • Year Built Source: Estimated
  • Property Condition: Very Good

Unit Information

  • # Tenants: Single

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,230
  • Lot Size Source: Assessor
  • Lot Dimensions: 90.00 x 47.00
  • Zoning: COMMERCIAL

Financial Considerations

  • Price Per Sq. Ft.: $171.6
  • Assessment Year: 2024
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $198,000
  • Tax Amount: $10,551
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Restaurant Business Assets, Furniture, Fixtures, Equipment, And inventories.
  • Inclusions: Building witht he commercial lease.
  • Lot Number: 00008 01

Listed by Keller Williams Realty, Paul P Cheng

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Listing agent

— 47 S Center St —

  • Paul P Cheng

    Keller Williams Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 47 S Center St

School District:Merchantville Public Schools
RatingNameGradesDistance
5
Merchantville Elementary School
130 S Centre St, Merchantville, NJ 08109
PK-80.1 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 47 S Center St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/23/2025
Listed
$429,000
125.79%
MLS
6/15/2011
Sold
$190,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 47 S Center St

Year
Property Taxes
Change
Tax Assessment
Change
2022
$9,619
1%
$198,000
—
2021
$9,554
2%
$198,000
—
2020
$9,367
2%
$198,000
—
2019
$9,193
5%
$198,000
—
2018
$8,756
-9%
$198,000
-13%
2017
$9,613
5%
$227,000
—
2016
$9,173
5%
$227,000
—
2015
$8,712
7%
$227,000
—
2013
$8,127
—
$227,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Realty, Paul P Cheng

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47 S Centre Street, Merchantville, NJ 08109 (MLS# NJCD2085060) is a Business property. 47 S Centre Street is currently listed for $429,000 and was received on January 23, 2025. Want to learn more about 47 S Centre Street? Do you have questions about finding other Business real estate for sale in Merchantville? You can browse all Merchantville real estate or contact a Coldwell Banker agent to request more information.

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