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$349,900 Just Listed

  • For Sale
  • Active
  • Warehouse
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Exceptional Investment Opportunity! This expansive 8,388 square foot mixed-use property offers versatility and potential for great returns. The first floor features a large commercial space perfect for a variety of businesses, with the option to convert the rear section into two additional residential units. The upper floors include three spacious apartments. Units A and B each offer 3 bedrooms, 1 bathroom, and an open-plan living area with a combined kitchen and living room. Unit C is as large as a single-family home, featuring 5 bedrooms, 2 full bathrooms, a spacious eat-in kitchen with dining area, a laundry room, and a generous living room. With some improvements, the estimated rental income is $1,500 per month for Units A and B, $2,000 for Unit C, and $2,000 for the commercial space. The property also includes a gated parking lot that accommodates 10+ cars, offering added convenience for tenants. Each unit has its own utilities, and all units are currently vacant. This property is being sold as-is, where is condition.. Don't miss out on this prime investment!

Full Property Details for 72 S Broad St

General

  • Price: $349,900
  • Taxes: $8,254 (2023)
  • Status: Active
  • Type: Warehouse
  • Source: BrightMLSPhilly
  • MLS ID: NJSA2012788
  • Updated: 10/24/2024
  • Added to Site: 6 day(s) ago

Business

  • Business Type: Warehouse, Other, Storage, Shopping Center, Profession

Interior

  • Flooring: Laminated, Vinyl, Tile/Brick, Carpet

Additional Information

  • Security/Safety: Security System

Parking

  • Total Spaces: 10
  • Parking Features: Paved Parking
  • Parking Type: On Street, Parking Lot

Location

  • Area: Penns Grove Boro (21708)
  • Municipality: PENNS GROVE BORO
  • County: Salem
  • Development Name: None Available
  • Subdivision: None Available
  • Cross Streets: Main St
  • Driving Directions: Right hand side of S Broad St.

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Electric, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electric Available, Cable TV

Structural Information

  • Construction: Block, Brick, Stone
  • Foundation: Slab
  • Roof: Flat
  • Doors: Six Panel
  • Stories/Levels: 2
  • Year Built: 1943
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 3

Unit 1

  • Unit Description: Unit 1
  • Bedrooms: 3

Unit 2

  • Unit Description: Unit 2
  • Bedrooms: 3

Unit 3

  • Unit Description: Unit 3
  • Bedrooms: 5

Unit 4

  • Unit Description: Unit 4

Lot Features

  • Lot Size (Acres): 0.32
  • Lot Size (Sq. Ft.): 14,026
  • Lot Size Source: Estimated
  • Lot Dimensions: 75.00 x 187.00
  • Lot Features: Level
  • Zoning: COMMERCIAL
  • Lot Description: Level

Financial Considerations

  • Price Per Sq. Ft.: $41.71
  • Assessment Year: 2023
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $154,000
  • Tax Amount: $8,254
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 12

Listed by Romano Realty, Lucas M Romano

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Listing agent

— 72 S Broad St —

  • Lucas M Romano

    Romano 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 72 S Broad St

School District:Penns Grove-Carneys Point Schools
RatingNameGradesDistance
3
P.W. Carleton School
251 E Maple Ave, Penns Grove, NJ 08069
4-50.5 mi
5
Field Street School
144 Field St, Carneys Point, NJ 08069
1-30.6 mi
NR
Lafayette-Pershing School
237 Shell Rd, Carneys Point, NJ 08069
PK-K0.9 mi
2
Penns Grove Middle School
351 E Maple Ave, Penns Grove, NJ 08069
6-80.6 mi
3
Penns Grove High School
334 Harding Hwy, Carneys Point, NJ 08069
9-121 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 72 S Broad St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/24/2024
Listed
$349,900
2232.67%
MLS
12/30/2013
Sold
$15,000
—
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 72 S Broad St

Year
Property Taxes
Change
Tax Assessment
Change
2022
$7,957
2%
$154,000
—
2022
$7,780
2%
$154,000
—
2021
$7,614
12%
$154,000
-9%
2018
$6,821
-12%
$169,100
10%
2019
$7,746
13%
$154,000
-9%
2017
$6,845
4%
$169,100
—
2016
$6,586
4%
$169,100
—
2015
$6,309
2%
$169,100
—
2013
$6,208
—
$169,100
—
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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NMLS#: 1598647

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Listed by Romano Realty, Lucas M Romano

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72 S Broad Street, Penns Grove, NJ 08069 (MLS# NJSA2012788) is a Warehouse property. 72 S Broad Street is currently listed for $349,900 and was received on October 24, 2024. Want to learn more about 72 S Broad Street? Do you have questions about finding other Warehouse real estate for sale in Penns Grove? You can browse all Penns Grove real estate or contact a Coldwell Banker agent to request more information.

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