361 OAKSHADE RD, SHAMONG, NJ 08088 | MLS NJBL2024166 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
Off Market
$325,000  

361 OAKSHADE RD
SHAMONG, NJ 08088

Office
Commercial
1
Acres Lot
1of
Photos
Map
Courtesy: Weichert Realtors-Medford
Endless potential with this property offering both residential and commercial opportunities! The 2,322 sq ft home/building sits on one acre (with a neighboring parcel of 5.4 acres also included – 108 Tuckerton Road – currently nonconforming w/ wetlands but could possibly be used for pineland development credits – more research & application needed) close to the intersection of two popular roads, Tuckerton Road and Oakshade Road, in Shamong Township. The many different uses include: 1.) Owner Occupied as a Primary Residence (some modifications may be needed as well as township approval – it is already in a residential zone). 2.) Owner Occupied w/ Owner’s Business – live in and operate your business out of the same dwelling (some modifications may be needed as well as township approval – it is in a residential zone w/ currently commercial office space being rented). 3.) Commercial Property – operate your business here (some modifications may be needed as well as township approval depending on business type – it is currently used for professional office use & zoning officer has stated there should be no approvals needed if continuing to be used as professional office use w/ change of ownership). 4.) Commercial Rental Investment – purchase this as an investment opportunity w/ several rental spaces available w/ high income opportunity (this is the current use). The dwelling is currently divided into two separate rental areas with the first floor offering a reception area/waiting room or could be a living room, one larger office or could be a dining room, 3 other offices or could be bedrooms, 1.5 bathrooms & an eat-in kitchen area (would need a stove for residential use). The second floor is currently rented on a month to month basis for $1200/mo (tenants would like to stay) & offers a separate outside entrance (also inside access to lower half), open reception area, 3 offices or bedrooms, kitchenette & a full bathroom. There is also a finished basement that both the second floor and first floor can access or just limit use to one floor. There is a deck, approximately 12 lined parking spots & potential for more parking on the gravel area & the shed (approx. 12x20) can be utilized for separate rental purposes or storage. There are two separate electric meters. The total building was receiving $4100/mo ($2900/mo for 1st floor & $1200/mo for 2nd floor) rental income in the past. Professional office use would be suitable for engineering, architects, accounting, insurance, surveyors, photographer, consulting, attorneys, real estate office, travel agency, financial, computer/tech, medical, dental & more! (Please confirm business use w/ zoning officer.)
NJBL2024166
Office, Other
BURLINGTON
1991
1 Acres
Well
Frame
On Site Septic
$0.00
Investment
4/28/2022 12:00:00 AM
NONE AVAILABLE
School Information
SHAMONG TOWNSHIP PUBLIC SCHOOLS
SENECA H.S.
Interior Features
Cooling
Central Air
Heating
Electric Heating. Central.
Exterior / Lot Features
Exterior
Frame
Lot Dimensions
0.00 x 0.00
Zoning
RG
Structural Condition
Excellent,Very Good
Additional Exterior/Lot Features
Additional Lot(s),Cleared,Front Yard,Open,Rear Yard,Road Frontage,SideYard(s).
Financial Considerations
Fee Simple
32-00004 01-00006 03
$8,567