$125,000
$40,000
212.5%For more information regarding the value of a property, please contact us for a free consultation.
2,773 SqFt
SOLD DATE : 03/08/2024
Key Details
Sold Price $125,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
Square Footage 2,773 sqft
Price per Sqft $45
Subdivision None Available
MLS Listing ID NJCD2060898
Sold Date 03/08/24
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $5,108
Tax Year 2022
Lot Size 2,204 Sqft
Acres 0.05
Lot Dimensions 21.00 x 105.00
Property Description
*ANOTHER GEM BY GENIUS* Welcome to an unparalleled investment opportunity nestled in the vibrant heart of Camden, situated within an Opportunity Zone. This mixed-use gem embodies the epitome of modern versatility, seamlessly blending commercial and residential spaces to create a dynamic and thriving community hub.
Boasting a prime location, this property stands as a beacon of urban sophistication, offering convenient access to major transportation arteries and a rich tapestry of cultural and entertainment attractions. With its strategic positioning in an Opportunity Zone, investors can leverage substantial tax incentives and capitalize on the burgeoning economic growth in the area.
The commercial component of this architectural marvel presents a canvas for entrepreneurial ventures, be it retail boutiques, trendy eateries, or innovative workspaces. Its adaptable design caters to diverse business needs, ensuring an optimal environment for success.
Meanwhile, the residential segment exudes comfort and luxury, providing a haven for modern urban dwellers. Thoughtfully crafted living spaces are complemented by top-tier amenities, fostering a lifestyle of convenience and sophistication.
This property stands as a testament to the convergence of investment potential and community enhancement, poised to deliver robust returns while contributing to the vibrant fabric of Camden. Don't miss this exceptional chance to be part of an evolving landscape, combining financial growth with social impact. Seize this opportunity to invest in a visionary mixed-use development at the nexus of innovation and prosperity.
This huge commercial property has more than an opportunity. Previously operated as a church, this property can easily be converted into a quadplex for the highest and best use. However, a mixed-use property will bring a great return as well. This building sits in an opportunity zone for an additional benefit.
Come check out one of Camden's largest properties in its Gateway shopping district.
Location
State NJ
County Camden
Area Camden City (20408)
Zoning C-R
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Heat Source Natural Gas
Exterior
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
Street Surface Access - On Grade,Black Top,Concrete
Accessibility None
Road Frontage City/County, Public
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Camden City Schools
Others
Tax ID 08-01310-00039
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Wrap
Listing Terms Cash, Conventional, Wrap
Financing Cash,Conventional,Wrap
Special Listing Condition Auction
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Bought with Fred E Mitchell • ARC Real Estate
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REALTOR® | License ID: 1111154