45 Broad St Elmer, NJ 08318
- Medical offices
- 1,952 SF
- 0.39 lot acres
Current Use by Public Records
- Medical offices
Property Details for 45 Broad St
- Year built
- 1938
- Lot size
- 0.39 lot acres
- Property size
- 1,952 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 03 00018-0000-00009
- APU
- 300018000000009
Description
This 1,952 square foot office building at 45 Broad Street, Elmer, NJ, presents a compelling investment opportunity. Currently occupied by a long-term tenant, a physical therapist, the property generates a substantial monthly income of $3,000 triple net. This means the tenant covers all taxes, landscaping, snow removal, and utilities, significantly reducing the owner's operational expenses. The annual landlord expenses are approximately $3,800, covering water and insurance. The property boasts a desirable 10% cap rate, making it an attractive addition to any investment portfolio. Convenient off-street and street parking is available for both the tenant and visitors. The building's roof was recently replaced in 2021, ensuring long-term structural integrity. All existing equipment and furniture within the building belong to the tenant and are not included in the sale. This turnkey investment property is located in Elmer's thriving downtown business district, offering excellent visibility and accessibility. The current tenant desires to remain, providing stability and consistent income. This is a rare opportunity to acquire a high-performing medical office building with a strong tenant and excellent financial prospects. The asking price is $279,900.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elmer
- County
- Salem
- State
- New Jersey
- Longitude
- -75.1705
- Latitude
- 39.593
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
