1304 Route 47 Rio Grande, NJ $ 5,999,900
1304 Route 47
$ 5,999,900
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1304 Route 47

Rio Grande, NJ, 08242
$ 5,999,900
Baths0.0

Monthly Estimate*

$ 41,911

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Studio

Commercial Property for sale in Rio Grande, NJ

for $5,999,900. The lot size is 5.

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

$ 5,999,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 84,686

Style

Commercial/Industrial

Lot Size

5

Town/City

Rio Grande

County/Region

Cape May

MLS | Web ID

240726

Features
General
Heating Gas Natural
Cooling Central Air Conditioning
Zoning mixed use
Water Public
Type Commercial/Industrial
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Exterior
Buildings 3
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* Excluded Features
List By
Kayla Noll

Listing Agent

Compass Re - Ocean City

Broker

kayla@shoreteam.com

Email

Affordability Calculator

$48,968
Per Month
86%
14%
0%
Monthly Principal & Interest
$41,911
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
266621 Elementary School
266622 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2024$5,999,900 Listed Price

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1304 Route 47, Rio Grande, NJ, 08242 is a Commercial Property for sale at $5,999,900 with a lot size of 5. 1304 Route 47 is a studio with 0.0 baths. The property's zip code is 08242 which is in Rio Grande, NJ