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For Sale 1103 Sherman Ave, Vineland, NJ, 08360

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1103 Sherman Ave, Vineland, NJ, 08360

$2,595,000

Lureen
  • Buyer Agent Compensation: N/A
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Prime Commercial Office Building in Vineland\'s Thriving Business District Exceptional investment opportunity in the heart of Vineland?s medical and professional corridor. This 10,000 sq ft commercial office building offers approximately 4,500 sq ft of modern office space currently leased to a long-term tenant at $18/sq ft NNN, providing immediate income. The remaining 5,500 sq ft is shell space, listed for lease at $20/sq ft, allowing customization for medical, office, or professional use. Building is already cash flowing, which makes it ideal for investors or owner-occupants looking to offset expenses with existing rental income. Highly visible, easily accessible, and strategically located near Inspira Medical Center Vineland, a 305-bed facility that has recently undergone a $34 million expansion to meet growing healthcare demands. The property benefits from Vineland\'s pro-business environment, including Urban Enterprise Zone incentives such as reduced sales tax rates and potential tax credits for eligible businesses . Additionally, the city\'s ongoing economic development initiatives aim to attract new businesses and support existing ones, enhancing the area\'s commercial appeal . Don\'t miss this prime commercial asset with strong upside potential in a community poised for continued growth.

Listing courtesy of: eXp Realty-Northfield
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Total Rooms
Full Bath 0
# of Stories
Year Build 2006
Lot Size
Tax 25281.00
SQFT
ExteriorBrick
InteriorFeatures220 Volt Electricity, Handicap Features
HeatingGas-Natural, Multi-Zoned
HotWaterGas
SewerPublic Sewer
Bedrooms 0
Half Bath 0
# of Stories
Lot Dimensions
# Units
Tax Year 2024
Area Vineland City
ParkingGarage11 or More Spaces, Off Street, Paved
BasementSlab
CoolingCentral, Multi-Zoned
WaterPublic
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Nearby Listings

Turnkey investment property in Vineland?s premier business corridor. This is an exceptional opportunity to acquire a 10,000 sq ft modern office building located in one of Vineland?s most established and highly trafficked professional parks. Built in 2006, the property is 88% tenant-occupied with stable, long-term tenants on fair market NNN leases, offering strong and immediate cash flow with future upside. Unit 5A consists of 3,200 sq ft and is currently leased at $20/sq ft NNN to The Eyecenter, a respected and established medical tenant. Unit 5B spans 5,600 sq ft and is leased to Wells Fargo at $18/sq ft NNN, providing additional income from a nationally recognized financial institution. Unit 5C is 1,200 sq ft and is currently being marketed for lease at $20/sq ft NNN, offering a perfect opportunity for a medical, legal, or professional user to join a high-profile tenant mix. With modern construction, excellent curb appeal, ample parking, and steady foot traffic, this property is well-suited for both investors and owner-occupants looking to offset costs with reliable rental income. Located just minutes from Inspira Medical Center and Route 55, this prime office asset benefits from Vineland?s ongoing commercial growth and Urban Enterprise Zone incentives. Whether you are seeking a stabilized addition to your portfolio or a strategic 1031 exchange option, 1051 W Sherman Ave, Building 5 is a high-performing commercial property positioned for long-term value and stability.

Property 2

1051 Sherman Ave, Vineland

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  • $3500000