1304 Route 47 Rio Grande, NJ $ 5,999,999
1304 Route 47
$ 5,999,999
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1304 Route 47

Rio Grande, NJ, 08242
$ 5,999,999
Baths0.0

Monthly Estimate*

$ 41,912

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Studio

Commercial Property for sale in Rio Grande, NJ

for $5,999,999. The lot size is 4.99.

Welcome to “The Village Shoppes!” a rare opportunity to own a prime piece of commercial real estate in the up and coming area of Rio Grande. This expansive property spans 5 acres and features a total lot size of 18,526 square feet, offering a wide variety of commercial units spread throughout 3 buildings. With over 30+ commercial units this property presents a multitude of possibilities for the savvy investor. The property offers a diverse array of commercial unit sizes, all occupied by great, long-term tenants. Additionally, there is the potential to increase rental income by leasing the vacant units, making this an attractive opportunity for those seeking to maximize their investment return. Currently, the property boasts 4 residential units along with the potential to expand to a second story for additional residential space. The property's strategic location and the area's ongoing development make this an enticing proposition for those looking to capitalize on the growth potential of Rio Grande. Don't miss out on this rare chance to acquire a substantial commercial property!

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Commercial Active

Price

$ 5,999,999

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 84,686

Style

Lot Size

4.99

Town/City

Rio Grande

County/Region

Cape May

MLS | Web ID

583033

Features
Interior
# of Units 40
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General
Status Active Active
Class COMMERCIAL/INDUSTRIAL
Tax Year 2023
Waterfront No
Area Middle Twp
Taxes 84686
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Exterior
Lot 8
Number of Buildings 3
Lot Dimensions 80 x 343
Lot Size Area 4.99
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* Excluded Features
List By
Compass New Jersey-Ocean City

Broker

Affordability Calculator

$48,969
Per Month
86%
14%
0%
Monthly Principal & Interest
$41,912
Monthly Property Taxes
$7,057
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
760537 Elementary School
760538 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/11/2024$5,999,999 Listed Price

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1304 Route 47, Rio Grande, NJ, 08242 is a Commercial Property for sale at $5,999,999 with a lot size of 4.99. 1304 Route 47 is a studio with 0.0 baths. The property's zip code is 08242 which is in Rio Grande, NJ