456 S Broadway
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456 S Broadway
2,286 SF 48% Leased Office Building Gloucester City, NJ 08030 $240,000 ($105/SF)
Investment Highlights
- Located on the main strip of Broadway in Gloucester City, NJ, offering high visibility and accessibility.
- The professional office on the first floor has been recently renovated and is ready for occupancy, previously used as a pediatric practice.
- Offers private parking in the rear of the property for added convenience for both office and residential tenants.
- Features a professional office on the first floor and a residential unit on the second floor, providing diverse rental income opportunities.
- Recent updates include new siding and a new roof, ensuring durability and low maintenance.
- The property is move-in ready, making it an excellent option for a savvy investor seeking immediate rental income.
Executive Summary
This 2 unit property features a professional office on the first floor and a residential unit on the second floor. The residential apartment has washer/dryer hookup, 2 bedrooms, tile bathroom, a bright sunroom and private parking in the rear of the property (new tenant will take possession July 15th, rent income is $1650/per month). The professional office has been rehabbed and is ready for a new tenant. Located on the main strip (Broadway) of Gloucester City, previously this unit hosted a pediatrist for many years. Newer siding and roof. This is a turn-key property and ready to go to the savvy investor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,286 SF
Building Class
C
Year Built
1925
Price
$240,000
Price Per SF
$105
Percent Leased
48%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,143 SF
Slab To Slab
10’
Building FAR
0.11
Lot Size
0.46 AC
Parking
4 Spaces (1.75 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The first floor, spanning 1,200 square feet, is available for lease at a competitive rate of $12.50 per square foot.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,200 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size | 1,200 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
The first floor, spanning 1,200 square feet, is available for lease at a competitive rate of $12.50 per square foot.
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PROPERTY TAXES
| Parcel Number | 14-00131-0000-00042 | Improvements Assessment | $103,100 |
| Land Assessment | $20,000 | Total Assessment | $123,100 |
PROPERTY TAXES
Parcel Number
14-00131-0000-00042
Land Assessment
$20,000
Improvements Assessment
$103,100
Total Assessment
$123,100
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456 S Broadway
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