Property Details for 15 East Ave

Year built

1955

Lot size

1.90 lot acres

Property size

51,450 SF

Property type

Specialty properties

Property subtype

Schools

Description

This exceptional investment opportunity presents a 51,450 square foot former Catholic high school complex situated on a 1.9-acre lot in Vineland, New Jersey. The property, comprised of five buildings, features a main structure with approximately 42,000 square feet of net rentable space, including 12 classrooms, a large lab/chemistry space, an office, and two teachers' lounges. A gymnasium with locker rooms, a small stage, and a second-floor AV area are also included. Building construction is steel and masonry, with a sealed membrane roof, radiant heat, and a mix of fluorescent and incandescent lighting. The property boasts a poured concrete slab foundation and structural steel framing. Exterior walls are brick, interior walls are drywall, and flooring consists of polished concrete, vinyl composition tile, and commercial-grade carpet. The HVAC system is present in the gymnasium, with window units in other areas. The property includes open-air surface parking, asphalt paving, concrete sidewalks and curbing, pole-mounted lights, and low-maintenance sprinklered landscaping. Located within three miles of State Route 55, the site offers convenient access via curb cuts on North East Avenue and East Landis Avenue. The property is in Flood Zone X (Community Number 340176, Panel Number 34011C0185E, dated June 16, 2016). Zoned for East Gate Mixed Use Redevelopment (EG), permitted uses include retail, commercial, office, schools, educational and training facilities, restaurants, and public/civic assembly spaces. The asking price is $1,995,000, representing $38.78 per square foot and $399,000 per unit. The property is offered fee simple. One building is considered a tear-down. All utilities are on-site.

Location Insight

City

Vineland

County

Cumberland

State

New Jersey

Longitude

-75.0166

Latitude

39.4864