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    Commercial Office Building with Rental Income Title is generated by Realmo AI

    2-6 CHESTNUT STREET A B C D, Pennsville, NJ 08070

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    For Sale
    $359,900

    Two-building commercial property with rental income potential in central location.

    Type:Commercial/Industrial
    Property size:
    1,200 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $299/SF
    Added:
    Aug 11, 2024
    Days on Market:
    659
    Last Refresh:
    May 19 at 10:45 pm

    Property Features for 2-6 CHESTNUT STREET A B C D

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    0.20 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1972

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    Listing Contact
    David H Wright

    Listing agent David H Wright License #8735385

    Listing office Mahoney Realty Pennsville, LLC

    Listing date Aug 11, 2024

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mahoney Realty Pennsville, LLC

    HighLights

    • Combined monthly rental income of $3,925 provides immediate cash flow.
    • Two separate buildings offer flexibility for owner occupancy and rental income.
    • Prime location in the center of town enhances business visibility and accessibility.
    • Recent updates, including a new roof (2019), new windows, and new flooring, reduce maintenance costs.
    • Paved parking lot with 9 spaces and night lighting provides convenience for tenants and customers.
    • Versatile building design allows for partial or full owner occupancy while generating rental income.

    Overview

    This commercial property comprises two separate buildings on a single deed and tax bill. The main two-story building features three office rental units. The first floor is a 1,200 square foot suite with a reception area, three private offices, a storage area, and a private restroom, complete with its own HVAC system. The second floor contains two office suites, each with a reception area and two private offices, sharing a common restroom. A separate building at the rear of the property, fronting on Chestnut Street, consists of a large open area with its own restroom, serviced by electric baseboard heat and a wall air conditioning unit. The buildings are supported by a paved parking lot with nine spaces and nighttime lighting, and the lawn includes an irrigation sprinkler system. Recent updates include a new roof on the main building in 2019, new windows on the second floor, and new luxury vinyl flooring in Unit C and the back building. The main front door with sidelights is new, and two natural gas lines have been installed in anticipation of converting the main building to natural gas heat. The current combined monthly rental income is $3,925. The property is centrally located and well-maintained. Potential uses include a business office, real estate office, insurance office, construction office, lawyer's office, or doctor's office. The back building is currently used as a business office, and past uses have included a pet groomer, hairdresser, and construction office. Unit C is under lease through 5/31/26, Unit B is on a month-to-month lease, Unit A is currently available, and 6 Chestnut St is leased through 1/21/26. The building's design allows for flexible use, accommodating both business operations and rental income generation.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pennsville
    County
    Salem
    State
    New Jersey
    Longitude
    -75.5213
    Latitude
    39.6535

    FAQs

    What type of property is this?
    Office building - Two-building commercial property with rental income potential in central location.
    Where is this office building located?
    The property is located at 2-6 CHESTNUT STREET A B C D Pennsville, NJ.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: Combined monthly rental income of $3,925 provides immediate cash flow.; Two separate buildings offer flexibility for owner occupancy and rental income.; Prime location in the center of town enhances business visibility and accessibility.
    More about this property
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