526 Chicago Ave - Schools FOR SALE


Egg Harbor City, NJ 08215
$495,000 USD
856-537-1016
526 Chicago Ave, Egg Harbor City, NJ for Sale
$495,000 USD
Schools - FOR SALE
1/19
null | Request Cap Rate

526 Chicago Ave
Egg Harbor City, NJ 08215


HIGHLIGHTS

  • Entire City Block - 2.07 Acres
  • Macadam Street
  • Curbs/Sidewalks
  • 3 Story Building - Former School
  • Located in Heart of Residential Neighborhood
  • Excellent Residential Conversion Opportunity (Subject to Town Approval)

OVERVIEW

The subject site consists of 2 parcels and has 89,999+/- SF (2.07 AC) of land area. The property is a Special Purpose - School/University. Single-Tenant or Owner-Occupied - 1 Tenant Space. 1 building with 3 stories. The estimated total rental space is 21336 +/- SF; the floor plate is 7,140 SF and is considered to be a Class "C" building with Site coverage ratio of 7.9% and the land to building ration of 5.9: 1. Parking consists of 14 surface spaces. Structure built circa 1928. Parking 14 (Surface) 0.9/1,000 SF NRA. Basic Construction Steel and masonry, Foundation Poured concrete slab, Framing Structural steel with masonry and concrete encasement, Exterior Walls Brick, Heating Oil fired baseboard heat. Gas fired in the basement. Oil tank is in ground and contains approximately 1000 gallons. Air Conditioning in principals and nurse's offices as well as the computer and science labs. The remainder of the building is not air conditioned. Lighting Fluorescent. Interior Walls are drywall in classrooms. Ceramic tile in restrooms. Electrical Assumed adequate and to-code. Ceilings are acoustical ceiling tile and ornate plaster in classrooms. Ornate plaster in hallways and stair wells. Acoustical tile in restrooms. Windows Glass in aluminum frame. Wooden doors. Flooring is a mixt of vinyl tile, carpet and hardwood flooring. Plumbing Standard plumbing mixed. Smoke Alarms. Basement: Girl's/Boy's Room, Boiler Room, Kitchen, large all purpose room. 1st Flr: Reception, 4 offices, 3 classrooms, large meeting room. 2nd Flr: Classroom and bathroom. 3rd Flr: 6 Classrooms and Boy's/Girl's Room.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,734 SF

ZONING

R-9

APN/PARCEL ID

07-00440-0000-00001,07-00440-0000-00006

ASK ABOUT THIS PROPERTY

Kenneth McIlvaineBerkshire Hathaway Fox & Roach Budd GroupMore Info
856-537-1016

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Kenneth McIlvaineBerkshire Hathaway Fox & Roach Budd GroupMore Info
856-537-1016

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.