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Listed by Devin Dinofa • Keller Williams Realty - Moorestown
$ 976,000
Est. payment | /mo
5,662 Sqft Lot
$ 976,000
Est. payment | /mo
5,662 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJSA2019168
Year Built 1920
Annual Tax Amount $20,569
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Located in the heart of Historic Downtown Woodstown, 2 South Main Street presents a rare opportunity to acquire a fully leased mixed-use investment property positioned at the highly visible intersection of Routes 40 and 45. The property consists of approximately 8,100 square feet featuring a blend of retail storefronts and residential apartments, creating a diversified income-producing asset in one of Salem County's most charming walkable downtown corridors. The building includes three residential apartments and up to five retail storefronts, offering stable cash flow through a multi-tenant configuration. Situated on a prominent corner lot with strong street visibility and convenient on-street parking, the property benefits from consistent local traffic and close proximity to restaurants, retail shops, breweries, banks, and neighborhood services. Originally constructed in approximately 1920, the property combines historic downtown character with long-term investment potential. The asset is currently 100% occupied and fully leased, providing immediate in-place income with additional upside through future rent growth and continued downtown revitalization. The property is being offered at a purchase price of $967,000.00 and currently generates approximately $111,395.99 in annual gross income with a 2025 Net Operating Income (NOI) of approximately$71,391.06. Woodstown is a growing South Jersey community known for its historic charm, strong local identity, and regional accessibility to Philadelphia, Wilmington, and surrounding Salem and Gloucester County markets. The property's
strategic location within the downtown business district positions it well for both residential and commercial tenant demand.
strategic location within the downtown business district positions it well for both residential and commercial tenant demand.
Location
State NJ
County Salem
Area Woodstown Boro (21715)
Zoning C-1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Woodstown-Pilesgrove Regi Schools
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
Special Listing Condition Standard
