111 E HIGH STREET

GLASSBORO, NJ, 08028

$2,250,000

$187 per ft²
$2,250,000
$187 per ft²
Active
Active
 - For Sale
carpenters-square
12,000 ft²
property_type
Commercial
calendar
Built 2000
Welcome to 111 E. High St. Glassboro, NJ the anchor building for the Glassboro Arts and Entertainment District and the gateway of the downtown area and Rowan Boulevard. An absolute stunning, well-built, well maintained 12,850 sq. ft. building inside and out with upgrades throughout every area of the facility. The building features the Academy of the Performing Arts, the anchor tenant The Dance Factory, Lapierre Ballroom Dancing, a Pizzeria/ cafe on the first floor along with a small photography studio. The building opens to a large atrium area that has a 350 sq. ft. lobby/ reception area with access for all studios, well - lit building with large windows and high ceilings throughout the 3-story building with elevator access, 4 large restrooms & 2 private . The Dance studio occupied 58 % of the building and has been a tenant since the building was built in 2011 and has a long-term lease in place. The building is 100% occupied with great tenants with leases in place and all expenses covered by the tenants. The building features state of the art security system, 32 camera system, tinted low-E glass for energy savings, super insulated walls to reduce HVAC needs. The electric is supplied by Solar 15+kWh of electricity annually , approximately 30% needs are met by solar system, 65 panels on roof. This is a must see building for investors looking for a well-run, stable investment property in a thriving area with great income and even more potential with an extra lot adjacent to the property for expansion. The lot has preliminary approvals for a 9k sq. ft. building and is in high demand for the area. The parking lot in the rear of the property is public and has ample amount of space for this building and is maintained by the township. Please call or email for complete details, full financials and plans for the buildings. Also offering memorandum can be found in documents.
MLS® ID:
NJGL2024138
Updated:
3/22/23
Berkshire Hathaway Home Services
Pat Settar

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
90 Forced Air

Exterior/Building Features

Lot Size
0.29 acres lot
Sewer
Public Sewer

School Information

School District
GLASSBORO PUBLIC SCHOOLS

Other Property Details

Area Name
Glassboro Boro (20806)
Taxes
$0.00
Tax Frequency
per YEAR
Garage
No
Parking
Public, Paved Parking
View
N
County
GLOUCESTER
Water Source
Public
Pool
No
Zoning
C2
Sub Agency Compensation
2.5
Buyer Agency Compensation
2.5
Transaction Broker Compensation
0

Courtesy of BHHS Fox & Roach-Marlton, Dawn Varallo

Listing Contact:  

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Data last updated 1:41 AM UTC, 3/22/23

Berkshire Hathaway Home Services
Pat Settar
Contact