Skip To Content

36-38 E Broad Street

PAULSBORO, NJ 08066
  • $269,000
  • STATUS: Active Under Contract
  • ON SITE: 158 Days
  • ID#: NJGL2034144
Under Contract
$269,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

School District:

Description

Premium Location: Embrace the potential of this property that offers lucrative opportunities for the discerning investor. Commercial storefronts on the lower level and potential for 2 residential units above. Situated on a bustling main street in Paulsboro's downtown business district.Zoned for commercial use, the lower level boasts two well-maintained storefront offices.High Potential Returns: With a current monthly revenue of $2,350 and projected monthly revenue of over $5,000.Unit 1: Currently leased by Jackson Hewitt with a rent of $1,250/month until April 2027Unit 2: Recently renovated and leased to a hair salon called Babe's Club at $1,100/mo until Dec 2026.Both units feature commercial carpeting and/or laminate flooring, a kitchen area, powder room, drop ceilings, and offer a warm professional atmosphere. Additional storage space is available in the basement, equipped with bilco doors for ease of access, as well as interior access.The upper level presents a unique opportunity. Previously gutted, it awaits transformation. With township approvals in place, there's potential for two residential units, projected at $1,600 per unit in rental income. Alternatively, maintain the space for commercial purposes, and maximize revenue.Both first floor commercial units have newly installed mini-split HVAC units, and the entire building has a boiler with a newly installed gas burner (converted from oil to gas in 2022).

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Holloway Real Estate Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-24T23:51:45.207.
www.njhousehunter.com/homes/143529267
Print Image

36-38 E Broad Street PAULSBORO, NJ 08066

  • Price: $269,000
  • Status: Active Under Contract
  • On Site: 158 Days
  • ID#: NJGL2034144
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1940
Built
Neighborhood:
Paulsboro Boro (20814)
County:
Gloucester
Area:
Paulsboro Boro (20814)
School District:
Paulsboro Public Schools
Property Description
Premium Location: Embrace the potential of this property that offers lucrative opportunities for the discerning investor. Commercial storefronts on the lower level and potential for 2 residential units above. Situated on a bustling main street in Paulsboro's downtown business district.Zoned for commercial use, the lower level boasts two well-maintained storefront offices.High Potential Returns: With a current monthly revenue of $2,350 and projected monthly revenue of over $5,000.Unit 1: Currently leased by Jackson Hewitt with a rent of $1,250/month until April 2027Unit 2: Recently renovated and leased to a hair salon called Babe's Club at $1,100/mo until Dec 2026.Both units feature commercial carpeting and/or laminate flooring, a kitchen area, powder room, drop ceilings, and offer a warm professional atmosphere. Additional storage space is available in the basement, equipped with bilco doors for ease of access, as well as interior access.The upper level presents a unique opportunity. Previously gutted, it awaits transformation. With township approvals in place, there's potential for two residential units, projected at $1,600 per unit in rental income. Alternatively, maintain the space for commercial purposes, and maximize revenue.Both first floor commercial units have newly installed mini-split HVAC units, and the entire building has a boiler with a newly installed gas burner (converted from oil to gas in 2022).
Exterior Features

Construction Materials Block Garage YN No Parking Types On Street Property Condition Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5616.00 Cooling Central A/C Flooring CarpetLaminated Heating Baseboard - Hot Water Heating YN Yes Net Square Feet 5616.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2022 Business Type Hair Salon and SpaProfessional Central Air YN Yes Cooling Fuel Electric Foundation Details Block Heating Fuel Natural Gas Hot Water Natural Gas Municipality PAULSBORO BORO Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 802620194040 Ownership Interest Fee Simple Possession NegotiableImmediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Septic Tax Annual Amount 7065.00 Tax Assessment Amount 163700.00 Tax Lot 00006 Utilities Cable TV AvailableElectric AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning COMMERCIAL

Listing courtesy of BHHS Fox & Roach-Mullica Hill South: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Holloway Real Estate Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-24T23:51:45.207.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802620194040-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802620194040-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802620194040-2.jpg
Logo
Holloway Real Estate Group | eXp Realty
102 Centre Blvd. Suite J
Marlton NJ, 08053