1071 Route 47 S
Rio Grande, NJ 08242
- 4 beds
- 3 baths
- – sqft
- ~1 acre lot
- 1878 build
UPDATE - JULY 17, 2024: AFTER BEING UNDER CONTRACT SINCE FEBRUARY 2024, THIS PROPERTY IS NOW BACK ON THE MARKET. UPDATE - JANUARY 11, 2023: THE DEPARTMENT OF ENVIRONMENTAL PROTECTION (DEP) HAS DETERMINED THAT FRESHWATER WETLANDS AND WATERS ARE NOT PRESENT ON THIS PROPERTY, AND THAT NO PART OF THE PROPERTY OCCURS WITHIN A TRANSITION AREA OR BUFFER. THE MIDDLE TOWNSHIP TAX ASSESSOR'S OFFICE HAS UPDATED ITS RECORDS. ACCORDINGLY, THE LAND ASSESSMENT HAS AN INCREASE OF $153,600, RESULTING IN A TOTAL PROPERTY ASSESSMENT OF $583,300. AS OF JUNE 29, 2022, A NEW TOPOGRAPHIC SURVEY WAS COMPLETED - DUE TO SIZE IS NOT INCLUDED HEREIN BUT AVAILABLE IN HARD COPY FOR INTERESTED PARTIES. NEW SURVEY MARKERS IN PLACE FOR POTENTIAL BUYERS WANTING TO WALK THE PROPERTY. FOR INVESTORS, BUSINESS OPPORTUNISTS, AND ALL INTERESTED PARTIES, THIS LOCATION CAN'T BE BEAT. Options are endless with the incredible opportunity to own this commercial property in the heart of the business district in Rio Grande, New Jersey, the hub of business activity in lower Cape May County! Currently operating as a tattoo studio, this 1.40 acre parcel (60,984 sq feet) offers 153.9 feet of frontage on Route 47 S, a ÂĽ mile shy of Railroad Avenue. With a depth on the right of 513 feet, there is a ton of space for structure, parking, storage, etc. The existing structure was built in 1878. The first level consists of the tattoo business. The second level is an apartment with two bedrooms, one bathroom, living room, kitchen, and office. There is a third floor made up of two bedrooms and a half bath. Whether your plan is to restore the existing structure or tear down and create new, there are endless possibilities for this commercial property. TIMING IS EVERYTHING AND THIS IS AN AWESOME OPPORTUNITY TO BUY COMMERCIAL IN THE HEART OF THE BUSINESS DISTRICT!! To schedule a showing, contact Barbara Kerrigan at Haines Realty.
Last checked:
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Last updated Feb 5, 2025
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MLS# NJCM104932 —
The Building
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Year Built:1878
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Year Built Source:Assessor
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Roof:Shingle
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New Construction:No
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Construction Materials:Block, Other, Wood Siding
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Structure Type:Detached
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Architectural Style:Dwelling w/Separate Living Area
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Levels:3
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Accessibility Features:2+ Access Exits
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Basement:No
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt Source:Assessor
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Assessor
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Below Grade Unfinished SqFt Source:Assessor
Interior
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Room List:Living Room, Kitchen, Office, Commercial/Retail Space
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Living Area SqFt Source:Assessor
Room Dimensions
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Living Area SqFt:0 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Immediate
Location
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Directions:Parcel is 1/4 mi shy of Railroad Avenue on Route 47 S in Rio Grande, NJ.
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Latitude:39.01776299
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Longitude:-74.88504587
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:1.40
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Lot Size Source:Assessor
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Lot SqFt:60,984 Sqft
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Exclusions:All equipment relative to tattoo business is excluded from the sale.
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Zoning Description:Commercial
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Zoning:TB
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (609) 209-4450
- Office phone:
- (609) 467-2020
Taxes
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Tax ID Number:06-01431 01-00003
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Tax Year:2023
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Tax Lot:00003
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Tax Annual Amount:$11,841
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Tax Assessed Value:$583,300
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Year Assessed:2023
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:4
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Upper Level Bedrooms:4
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Upper Level 1 Bedrooms:2
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Bedrooms Upper Level:2
Baths
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Total Baths:3
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Full Baths:2
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Half Baths:1
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Main Level Baths:1.00
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Main Level Full Baths:1
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Upper Level Full Baths:1
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Upper Level Half Baths:1
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Upper Level Total Baths:2
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Upper Level Total Baths:1.00
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Upper Level 2 Total Baths:1.00
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Upper Level Full Baths:1
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Upper Level 2 Half Baths:1
Heating & Cooling
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Cooling Type:Wall Unit
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Hot Water & Baseboard - Electric
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Septic
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Hot Water:Electric, Natural Gas
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Water Source:Public
Schools
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School District Name:Middle Township Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Rio Grande
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Senior Community:No
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Pool:No Pool
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HOA:No
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Condo/Coop Association:No
Parking
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Total Garage and Parking Spaces:7
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Garage:No
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Type of Parking:Parking Lot
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Parking Lot - # of Spaces:7
Extra Units
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Vacation Rental:No
Monthly cost estimate
![1071 Route 47 S](https://images.estately.net/127_NJCM104932_0_1721244661_636x435.jpg)
Asking price
$799,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,278
|
Taxes | $986 |
Insurance | $219 |
Utilities | N/A |
Total | $5,483/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/17/24
Jul 17, 2024
|
Relisted | BRIGHT | $799,000 | |
2/9/24
Feb 9, 2024
|
Pending | BRIGHT | $799,000 | |
9/21/21
Sep 21, 2021
|
Price Changed | BRIGHT | $799,000 | -11.1% |