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Photo of 101 E Black Horse Back, Pleasantville NJ
101 E Black Horse Back
Pleasantville, NJ 08232
# of Units
3
1 Bdrm Units
2
2 Bdrm Units
1
3 Bdrm Units
1
Acres
0.21
Interior SqFt
5,000
Age
94
Heating
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2023)
11,086
Additional Details Below

Description

This stunning, multi-use renovated building offers numerous possibilities, and the lucky buyer will make a great return on this investment. Centrally Located on the corner of Black Horse Pike and Franklin Ave, the property underwent a complete renovation in 2008, resulting in a total available area of 5000 sqft, excluding an additional 800 sqft on the third floor. However, the tax records only indicate a size of 3628 sqft. With a large parking lot accommodating 12 to 15 cars, and boasting a strong business income, this property presents a prime opportunity The first-floor commercial space spans 2500 sqft and has served as a beauty and wellness center for 16 years, generating substantial income. It features a spacious entrance room, five treatment rooms, a large training room, two full bathrooms, a first-floor laundry, and a sizable kitchen/dining area. Perfect for a salon, spa, nail shop, or professional offices, including medical practices, it could even be converted into a restaurant. The commercial space has the potential to yield significant rental income, ranging from $3000 to $3200 per month. Additionally, one of the treatment rooms could be partitioned for residential renting, with its separate entrance. The second floor, also spanning 2500 sqft, comprises three large bedrooms, each with an attached full bathroom, two well-appointed kitchens, two generously sized sitting rooms, and a second laundry room. It can be rented out as two to three separate units, fetching as much as $2800 to $3,200 per month. The third floor offers an extra bonus, with 800 sqft of space featuring a full bathroom, an unfinished kitchen, and three rooms currently utilized for storage. This unit presents further profit potential if utilized effectively. Exiting the door leads to a spacious ceiling deck, providing a delightful relaxation spot during the summer months. The property boasts three entrances for different levels, along with two separate city water/PSEG meters,central air conditioning and interior and exterior security systems. It comes equipped with four refrigerators, multiple window air conditioners, TVs in each room, and beautiful furnishings. All equipment can be transferred at a very reasonable price. Furthermore, the seller offers financing options, with interest rates as low as 5.2%, significantly lower than commercial mortgage rates. The property is being sold strictly in "as is, where is" condition. This distinguished property presents a golden opportunity. Don't miss your chance to secure your best investment today! Schedule a viewing to witness the wonders of this property firsthand!

Location

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Listing Details

Summary
Architectural Type

Colonial, Dwelling with Rental

Interior Features
Basement

Brick/Mortar, Concrete Perimeter

Exterior Features
Exterior Features

Brick

Utilities
Cooling

Central A/C, Multi Units, Electric, Natural Gas

Heating

Central, Natural Gas

Hot Water

Natural Gas

Sewer

Public Sewer

Water

Public

Additional Utilities

Electric Available, Cable TV, Natural Gas Available, Water Available, Electric: 110 Volts

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: Uezc
Lattitude : 39.388370
Longitude : -74.520780
MLS# : NJAC2011716
Views : 31
Listing Courtesy: Yongmei Tan of Tesla Realty Group LLC

Notes

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