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$2,325,000
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Property Description
This is a 3-unit medical office building (Building #2) in a centrally located professional campus and within a 2 minute ride to Inspira MedicalCenter and Rt 55. It offers 10,000+/-SF, and currently fully occupied with long term tenants, and fetching approximately $16,000/month in rent, all NNN. Each unit is large and aptly appointed for medical practices to conduct business. Building is in excellent condition and parking is more than ample. Some details about the three units included in the sale: Unit 2A: Currently owner occupied and (they are looking to stay) paying $6k/month rent with no lease. There is a large waiting room with reception/front office area, 4 exam rooms, an office, file room, large lab room, bathroom, employee room, kitchen, utility room with closet and storage space. Unit 2B: Tenant is currently in their 6th year of a 10-year lease paying $5,489 monthly. This unit has 6 exam rooms, 2 operating rooms, a lab, reception area, dining room and 4 baths. Unit 2C: Currently renting $4,830/month on a year-to-year lease. There are 5 examination rooms, a manager's room, nutritionist room, 2 doctors' offices, 3baths - one with shower, also a billing room and kitchen. We invite you to tour this great location and see for yourself what a fantastic investment opportunity it is.
Full Property Details
Full Property Details for 1103 W Sherman Ave
General
- Sold For: $2,325,000
- Taxes: $10,250 (2022)
- Status: Closed
- Type: Business
- Source: BrightMLSPhilly
- MLS ID: NJCB2009972
- Added to Site: 1, 206 day(s) ago
Business
- Business Type: Professional, Medical
Interior
- Flooring: Carpet, Vinyl
Parking
- Total Spaces: 100
- Parking Features: Paved Parking, Handicap Parking
- Parking Type: Parking Lot
Location
- Area: Vineland City (20614)
- Municipality: VINELAND CITY
- County: Cumberland
- Driving Directions: In Cumberland Professional Campus
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Brick Front, Stucco
- Roof: Asphalt, Pitched
- Entry Floor Number: 1
- Stories/Levels: 1
- Year Built: 2010
- Year Built Source: Estimated
- Property Condition: Excellent, Very Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 10.08
- Lot Size (Sq. Ft.): 439,085
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: NA
Financial Considerations
- Price Per Sq. Ft.: $250
- Assessment Year: 2022
- Tax w/Assessment: $334,000
- Tax Amount: $10,250
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 702
Listed by EXP Realty, LLC, Hader Rivas Sr.
Sold by Non Subscribing Office, Non Member
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Schools
Schools serving 1103 W Sherman Ave
School District:Vineland City School District
| Name | Grades | Distance |
|---|---|---|
Dr. William Mennies Elementary School 361 East Grant Avenue, Vineland, NJ 08360 | K-5 | 1.5 mi |
Vineland High 2880 E Chestnut Ave, Vineland, NJ 08360 | 9-12 | 4.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1103 W Sherman Ave
Date
Details
Price
Change
Source
1/23/2024
Sold
$2,325,000
-7%
MLS
2/23/2023
Price Reduced
$2,500,000
-9.09%
MLS
11/04/2022
Listed
$2,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1103 W Sherman Avenue, Vineland, NJ 08360 (MLS# NJCB2009972) is a Business property that was sold at $2,325,000 on January 23, 2024. Want to learn more about 1103 W Sherman Avenue? Do you have questions about finding other Business real estate for sale in Vineland? You can browse all Vineland real estate or contact a Coldwell Banker agent to request more information.

