1 of 53

Want to see this home?

1071 Route 47 S

Rio Grande, NJ 08242

4 beds
3 baths
– sqft
~1 acre lot
1878 build

LISTING 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 ¼ 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.

Listing courtesy of BRIGHT / Haines Realty, LLC

Last checked: Checking… • Last updated Feb 9, 2024 •

MLS# NJCM104932 —

The Building

Year Built:

1878
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Block, Other, Wood Siding
Structure Type:

Detached
Architectural Style:

Dwelling w/Separate Living Area
Levels:

3
Roof:

Shingle
Accessibility Features:

2+ Access Exits
Basement:

No
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt Source:

Assessor
Below Grade Finished Area Units:

Square Feet
Below Grade Unfinished Area Units:

Square Feet
Below Grade Finished SqFt Source:

Assessor
Below Grade Unfinished SqFt Source:

Assessor

Interior

Room List:

Living Room, Kitchen, Office, Commercial/Retail Space
Living Area SqFt Source:

Assessor

Room Dimensions

Living Area SqFt:

0 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Immediate

Location

Directions:

Parcel is 1/4 mi shy of Railroad Avenue on Route 47 S in Rio Grande, NJ.
Latitude:

39.01776299
Longitude:

-74.88504587

The Property

Property Type:

Residential
Lot Size Units:

Square Feet
Lot Size Acres:

1.40
Lot Size Source:

Assessor
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

60,984 Sqft
Exclusions:

All equipment relative to tattoo business is excluded from the sale.
Zoning:

TB
Zoning Description:

Commercial
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

06-01431 01-00003
Tax Year:

2023
Tax Lot:

00003
Tax Annual Amount:

$11,841
Tax Assessed Value:

$583,300
Year Assessed:

2023
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

4
Upper Level Bedrooms:

4
Upper Level 1 Bedrooms:

2
Bedrooms Upper Level:

2

Baths

Total Baths:

3
Full Baths:

2
Half Baths:

1
Main Level Baths:

1.00
Main Level Full Baths:

1
Upper Level Full Baths:

1
Upper Level Half Baths:

1
Upper Level Total Baths:

2
Upper Level Total Baths:

1.00
Upper Level 2 Total Baths:

1.00
Upper Level Full Baths:

1
Upper Level 2 Half Baths:

1

The Listing

Transaction Broker Compensation:

2.5
Buyer's Brokerage Compensation:

2.5%
Buyer's Brokerage Compensation:

-250%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Combination
Remarks - Buyer Agency Compensation:

Buyers agent bonus of $10,000 at closing with contracts at asking price.

Heating & Cooling

Cooling Type:

Wall Unit
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Hot Water & Baseboard - Electric
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Septic
Hot Water:

Electric, Natural Gas
Water Source:

Public

Schools

School District Name:

Middle Township Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

Rio Grande
Senior Community:

No
Pool:

No Pool
HOA:

No
Condo/Coop Association:

No

Parking

Total Garage and Parking Spaces:

7
Garage:

No
Type of Parking:

Parking Lot
Parking Lot - # of Spaces:

7

Extra Units

Vacation Rental:

No

Monthly cost estimate

Asking price

$799,000

Expense	Monthly cost
Mortgage	$4,278
Taxes	$986
Insurance	$219
Utilities	N/A
Total	$5,483/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

XFINITY from Comcast

Provided by BroadbandNow®

View a full report

Sale history

Date	Event	Source	Price	% Change
2/9/24 Feb 9, 2024	Pending	BRIGHT	$799,000
9/21/21 Sep 21, 2021	Price Changed	BRIGHT	$799,000	-11.1%
4/13/21 Apr 13, 2021	Listed / Active	BRIGHT	$899,000

Want a closer look?

Go see 1071 Route 47 S

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Rio Grande, NJ

Similar sold homes

This house located in Rio Grande, NJ 08242 is currently pending sale for $799,000. 1071 Route 47 S is a – square foot house with 4 beds and 3 baths. This house is in the attendance area of Middle Township Elementary 2, Middle Township Middle School, Middle Township Elementary 1, and Middle Township High School.

Listing Courtesy of: BRIGHT and Haines Realty, LLC.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.