8 N Broadway - Medical FOR SALE


Pitman, NJ 08071
$1,200,000 USD
856-424-4040
8 N Broadway, Pitman, NJ for Sale
$1,200,000 USD
Medical - FOR SALE
1/12
null | Request Cap Rate

8 N Broadway
Pitman, NJ 08071


OVERVIEW

Location, location, location! Don't miss this opportunity - perfect for the savvy investor! Right in the heart of busy downtown Pitman business district, off of the corner of N. Broadway & E. Holly. Prime location and visibility! This Historic and fully renovated stucco, exterior building (repainted 5years ago) with updated utilities, windows, and other major systems throughout, approximately 9,000 sq. ft., with 3 tenants. The first-floor tenant operates a medical related business, the second-floor features conference & meeting rooms, and the third floor houses a business with a large open area, a full bathroom, a kitchen and multiple offices. The first floor, remodeled 2024, is occupied by a long-time tenant, and features multiple spaces, entrances, a large waiting area, an equipment area, plus several offices/treatment rooms, and is approx. 50' x 15' (tenants equipment excluded). The second floor, remodeled 3 years ago, encompasses a large conference/meeting room, a built-in bar, several offices and waiting areas, a sitting room, a dining room, a game room, 2 bathrooms, and a new A/C unit. The third floor , remodeled 3 years ago, offers more space with a large reception area, a sitting area, multiple offices, a full bathroom, a kitchen/break room, a newer HVAC, and is approx. 37 x 14'. Stunningly remodeled and maintained throughout. Parking includes approximately 20 parking spaces, and the first floor is equipped with assistive equipment, and is mobility friendly. Basement is owner accessible for utilities & storage. 1st floor A/C rear of building is almost brand new, front A/C, age not sure, put just serviced, 2nd floor 2 units replaced 3 years ago, 3rd floor A/C- replaced 7/8 years ago & HWH almost brand new 40 gallons. Leases available upon request. Pictures and virtual tours to follow this weekend.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C1

APN/PARCEL ID

15-00200-0000-00022

ASK ABOUT THIS PROPERTY

Patricia FiumeRE/MAX of Cherry HillMore Info
856-424-4040

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Patricia FiumeRE/MAX of Cherry HillMore Info
856-424-4040

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