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Listed by TJ Copsetta • Real Broker, LLC
$ 1,750,000
Est. payment /mo
New
59 S BROADWAY Pitman, NJ 08071
8,320 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJGL2080614
Year Built 1890
Annual Tax Amount $12,614
Tax Year 2025
Lot Size 8,320 Sqft
Acres 0.19
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Prime Mixed-Use Investment Opportunity in the Heart of Uptown Pitman!
Situated on a prominent corner in the heart of Pitman's vibrant Uptown business district, this substantial income-producing mixed-use property presents an exceptional opportunity for investors seeking a commercial and residential asset in a highly desirable location.
Offering approximately 10,400± square feet, the property features two retail/commercial units occupying the ground floor and walk-out lower level, a manager's apartment, and a 14-room boarding house on the second floor, known as Uptown Commons. Both commercial units are occupied by an established, well-known local business under a long-term lease. The residential component includes a long-term apartment tenant and a combination of occupied and available boarding rooms, offering additional rental income potential.
With frontage along both South Broadway and Pitman Avenue, the property enjoys excellent visibility and a prime Uptown location. A small private parking lot, accessible from Pitman Avenue, provides added convenience. The property is within walking distance of Uptown Pitman's popular restaurants, boutiques, entertainment venues, and local businesses.
The combination of established commercial tenancy, existing residential income, and opportunity for increased occupancy makes this an attractive investment prospect with multiple income streams and potential for future growth.
Sale is subject to all existing tenant leases, which shall be honored by the purchaser. All square footage, dimensions, and measurements are approximate and provided for informational purposes only. Buyer and Buyer's representatives are responsible for independently verifying all measurements, property details, permitted uses, and other information material to the purchase.
Schedule your private appointment to explore this unique investment opportunity in Uptown Pitman!
Situated on a prominent corner in the heart of Pitman's vibrant Uptown business district, this substantial income-producing mixed-use property presents an exceptional opportunity for investors seeking a commercial and residential asset in a highly desirable location.
Offering approximately 10,400± square feet, the property features two retail/commercial units occupying the ground floor and walk-out lower level, a manager's apartment, and a 14-room boarding house on the second floor, known as Uptown Commons. Both commercial units are occupied by an established, well-known local business under a long-term lease. The residential component includes a long-term apartment tenant and a combination of occupied and available boarding rooms, offering additional rental income potential.
With frontage along both South Broadway and Pitman Avenue, the property enjoys excellent visibility and a prime Uptown location. A small private parking lot, accessible from Pitman Avenue, provides added convenience. The property is within walking distance of Uptown Pitman's popular restaurants, boutiques, entertainment venues, and local businesses.
The combination of established commercial tenancy, existing residential income, and opportunity for increased occupancy makes this an attractive investment prospect with multiple income streams and potential for future growth.
Sale is subject to all existing tenant leases, which shall be honored by the purchaser. All square footage, dimensions, and measurements are approximate and provided for informational purposes only. Buyer and Buyer's representatives are responsible for independently verifying all measurements, property details, permitted uses, and other information material to the purchase.
Schedule your private appointment to explore this unique investment opportunity in Uptown Pitman!
Location
State NJ
County Gloucester
Area Pitman Boro (20815)
Zoning C-1
Interior
Hot Water Oil
Heating Baseboard - Hot Water, Forced Air
Cooling Central A/C, Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Pitman Boro Public Schools
Others
Tax ID 15-00074-00005 01
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES