22-24 W High Street

Description

Amazing opportunity for a business owner or someone hoping to begin a new business to own a mixed-use storefront and residential apartments providing immediate cash flow in a growing area of South Jersey. Situated directly across from "Rowan Boulevard," a massive $425 million revitalization project consisting of bars, restaurants, classrooms, boutique shops, other retail, and student housing, this is a prime location in Glassboro. It has significant potential foot traffic for your business and a great location for your residential tenants. The mixed-use property consists of four residential apartments (One 3 bedroom, one 2 bedroom and 2 single unit apartments) and one commercial space (approx. 1,000 square feet not including 2,000 square foot basement) which can easily be split into two separate commercial units. The current owner has operated their business out of the commercial building since 2004. All four of the residential apartments have had a 100% occupancy rate for more than 15 years. The owner is currently relocating and expanding their business but has a commercial tenant prepared to sign a lease starting in 2021. The lease is pending based on sale of property giving new owner option of starting their own business or relocating to this prime location. This unique property is also in the Glassboro opportunity zone offering investors federal tax credits and benefits. And, unlike most neighboring mixed-use properties that surround it, this property has its own off-street private parking lot. Additional details can be provided to qualified buyers!