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$ 2,300,000
Est. payment | /mo
12,314 SqFt
$ 2,300,000
Est. payment | /mo
12,314 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,314 sqft
Price per Sqft $186
Municipality Somers Point (SMP)
MLS Listing ID 22501671
Year Built 1976
Annual Tax Amount $60,506
Tax Year 2024
Lot Size 1.010 Acres
Acres 1.01
Property Sub-Type Commercial
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
A net lease investment opportunity featuring a three-tenant medical office property totaling 12,000 SF. Strategically located to serve both Atlantic and Cape May Counties, the property offers ample on-site parking with 50 spaces. This well-maintained asset is ideal for 1031 exchange buyers, delivering stable income with a 7% CAP rate.
Location
State NJ
County Atlantic
Area Somers Point
Direction 110 Harbor Lane
Interior
Heating Forced Air
Cooling Central Air
Flooring Other
Exterior
Parking Features On Street, Assigned, On Site
Waterfront Description Other - See Remarks
Roof Type Flat,Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
HOA Fee Include Common Area
Senior Community No
Tax ID 21-01410-0000-00002
Listed by Keller Williams Realty Freehold