17 Broad Street,  Burlington NJ, 08016

(Active)
$249,900
|
|
MLS# 6910495
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Last Updated: 10/22/2017 11:29 PM
Description for 17 Broad Street Burlington, NJ 08016
A rare opportunity to own a prime mixed 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 Professional offices 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. Presently generates $2350.00 monthly income, but could be substantially increased. The 1st. floor has an absentee tenant. But, the lease is still in effect, & will be until the end of the lease 10/31/18. (In other words, guaranteed monthly income of $1600.00 until 10/31/2018 while it's vacant, or, can be terminated). The design is such, that there's still the option to have 2 independent office rental suites on the 1st. floor. There's also a completely upgraded 2 Bedroom Apartment on the 2nd. floor, w/two (2) full baths. (Pictures speak for themselves). There's also the option to make the upstairs 2 income producing one bedroom/one bath apartments...if desired. (But, one unit would have to be an efficiency Apt). The present tenant is on a month to month lease). Presently there are three (3) separate gas meters & four (4) electric meters. There's one water meter, but two others are in place if one desires to separate all the units. Partial basement, with access to the outside street level. The City of Burlington is a treasure trove of history. 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.
Price
$249,900
None Available
BURLINGTON
6910495
Active
Description
A rare opportunity to own a prime mixed 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 Professional offices 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. Presently generates $2350.00 monthly income, but could be substantially increased. The 1st. floor has an absentee tenant. But, the lease is still in effect, & will be until the end of the lease 10/31/18. (In other words, guaranteed monthly income of $1600.00 until 10/31/2018 while it's vacant, or, can be terminated). The design is such, that there's still the option to have 2 independent office rental suites on the 1st. floor. There's also a completely upgraded 2 Bedroom Apartment on the 2nd. floor, w/two (2) full baths. (Pictures speak for themselves). There's also the option to make the upstairs 2 income producing one bedroom/one bath apartments...if desired. (But, one unit would have to be an efficiency Apt). The present tenant is on a month to month lease). Presently there are three (3) separate gas meters & four (4) electric meters. There's one water meter, but two others are in place if one desires to separate all the units. Partial basement, with access to the outside street level. The City of Burlington is a treasure trove of history. 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.
Listing Information
Property Type: General Commercial, Other
0.1 Acres SE $56.8
1890
None Available
Stone, Brick
In
Sewer Connected
Electric, Telephone, Cable TV, Above Ground, Onsite Gas, Onsite Electric
3 Total
Neighborhood
School Information
District: Burlington City
Room Information
Interior Features
Carpet
3
Exterior / Lot Features
Public
Brick
Flat
None
37X119
C-1
Fire Escape, Downtown, Interior Lot, Professional Center, Public Transport, Municipal Road
Driving Directions
From Florence - Route 130 S. To right on High to left on Broad. From 130 N, to Left On High, Left On Broad
Financial Considerations
$11,397
2016
Conventional
Pay Electric, Pay Heat, Pay Gas, Pay Cable TV
Listing Price History

Burlington Real Estate

Burlington is located in New Jersey. Burlington, New Jersey 08016 has a population of 9,808.

The median household income in Burlington, New Jersey 08016 is $53,941. The median household income for the surrounding county is $79,612 compared to the national median of $53,482. The median age of people living in Burlington 08016 is 41 years.

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Courtesy: James Moffa - Weichert Realtors-Marlton
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
Information is deemed reliable but is not guaranteed.

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