About 399 Front St
Attention Savvy Investors... Here's the sound real estate investment you have been looking for to add to your portfolio. Check out this 9,008 +/- sf ( 8,721 +/- sf net rentable area) one-story, four-unit commercial building sitting on 1.95 +/- acres. This property is well designed for medical professional services. You will appreciate this well constructed multi-tenant masonry and steel framed office building with a multi-angle pitched roof. This prime property offers 81 +/- parking spaces (including 4 designated for handicapped parking) on a macadam covered parking lot, pole-mounted lighting, concrete curbing and sidewalks and professional landscaping. The property is in the Zone X flood zone and the RP/LR-1 zoning district. The four (4) units layout are the following: Suite A - 1811 +/- sf , Suite B & C - 2391 +/- sf , Suite D - 1979 +/- sf and Suite E - 2352 +/- sf. Three of the four units are currently leased, and utilities are separately metered. The current gross annual income for the three leased units is $110,304 plus a pro-rata share of the expenses as additional income. Great location – walking distance to Inspira Medical Center and just minutes to Route 40 and Route 55. There is a 45kW natural gas powered Generac generator, which provides back-up power for Suites B and C . Great replacement property to complete a 1031 tax deferred exchange.
Features of 399 Front St
MLS® # | NJSA2015066 |
---|---|
Price | $1,100,000 |
Bathrooms | 0.00 |
Square Footage | 8,721 |
Acres | 1.95 |
Year Built | 2012 |
Type | Commercial Sale |
Sub-Type | Office |
Status | Active |
Community Information
Address | 399 Front St |
---|---|
Area | Elmer Boro (21703) |
City | ELMER |
County | SALEM-NJ |
State | NJ |
Municipality | ELMER BORO |
Zip Code | 08318 |
Amenities
Utilities | Electric Available, Cable TV Available, Natural Gas Available, Phone Available, Water Available |
---|---|
Parking | Paved Parking, Private |
Is Waterfront | No |
Interior
Heating | Forced Air |
---|---|
Cooling | Central A/C |
Has Basement | No |
Fireplace | No |
# of Stories | 1 |
Exterior
Roof | Metal, Pitched |
---|---|
Foundation | Concrete Perimeter |
School Information
District | PITTSGROVE TOWNSHIP PUBLIC SCHOOLS |
---|---|
Elementary | ELMER E.S. |
Middle | ELMER |
High | ARTHUR P. SCHALICK H.S. |
Additional Information
Date Listed | June 6th, 2025 |
---|---|
Days on Market | 131 |
Zoning | RP/LR-1 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Warner Real Estate & Auction Company |
---|---|
Contact Info | 8567694111 |