Karen Kean - Coldwell Banker Hearthside
17 W Broad St
BURLINGTON, NJ 08016

Description

A rare opportunity to own a prime mix use commercial building in the downtown Historic District of Burlington City. Excellent for any owner occupied professional with a business or investor. Build equity by subsidizing it with rental income. The building mix is presently that of Two Professional office suites on the first floor, and, a two bedroom two bath residential unit on the 2nd floor which is beautifully decorated & maintained. The first floor front unit consist of 1140 SF with 2 powder rooms, with another 1038 SF office suite & private entrance. (Many options). The first floor presently has several professional office areas, in addition to a storage area/communications room. The offices are in excellent condition & the design is somewhat flexible to meet individual requirements. The office suite has a kitchenette area. The apartment is now available for rent. It did have just for two of the suites (The apartment and office suite downstairs). $2350.00 monthly income, but could be substantially increased. We estimate the building could generate close to $3900.00 per month. There's also a completely upgraded 2 Bedroom Apartment on the 2nd. floor, w/(2) full baths. Located directly in front of the River Line Rail Station, & minutes from I-295, NJ Turnpike, Route 130, Burlington Bristol Bridge. Direct access to Major Highways, shore areas, restaurants, retailers, & businesses. Easy access to Philadelphia Int'l Airport, & Center city. It's where William Penn's Quakers founded West Jersey in 1677. The City of Burlington is a truly diverse, caring community on Delaware River that welcomes & respects all residents & visitors alike. Be one of the owners or investors to capitalize on Burlington's City's Redevelopment. This property is priced right, & won't last long. The building is separately zoned for all four units. There are two newer high energy efficient units in the two bedroom apartment. There are many options with the building. The upstairs rent could be increased significantly. We believe that the revenue can be easily increased to over $3900.00 per month if structured correctly....or, could be an excellent owner occupied, and subsidized by the added lease income.

Details

MLS#1004285115
StyleIndustrial
Sub-TypeResale
StatusActive
Year1890
Days On Site357

Features

Story(s)0
ZoningC-1

Market Activity 08016

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Area Information

StateNJ
CityBURLINGTON
Zip Code08016
AreaBurlington City (20305)
Listing VS Median (in 08016)
Price:
$224,000
low | high
Med:
$197,200
61.964285714286% of Average
On Site:
357
low | high
Med:
94
100% of Average
Listing Updated: 12/17/2018
MLS Number: 1004285115
Listing Provided By:
James L Moffa  of  Keller Williams Realty-Marlton

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