NJ > Vineland
Vineland, NJ 08360,1051 W Sherman Ave
Vineland, NJ 08360,1051 W Sherman Ave
Vineland, NJ 08360,1051 W Sherman Ave
Vineland, NJ 08360,1051 W Sherman Ave
Vineland, NJ 08360,1051 W Sherman Ave
Vineland, NJ 08360,1051 W Sherman Ave
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Janis Benstock

Janis Benstock

+1(215) 920-2116
$ 3,500,000
Est. payment | /mo
Save
$ 3,500,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 597877

Style Commercial,Commercial Condo,Office Building,Off./Prof. Condo

Annual Tax Amount $36,823

Tax Year 2024

Property Description

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.

Location

State NJ

County Cumberland

Community Vineland

Area Vineland City

Location Details Business District,Commercial Park

Rooms

Basement Slab

Interior

Interior Features 220 Volt Electricity, Handicap Features

Heating Gas-Natural, Multi-Zoned

Flooring Carpet-Partial, Linoleum/Vinyl

Exterior

Parking Features 11 or More Spaces

Roof Type Pitched

Building

Story 1

Sewer Public Sewer

Water Public

South Jersey Shore Regional MLS (SJSRMLS)
Listed by eXp Realty-Northfield
Janis Benstock

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(215) 920-2116

janis@settledownphiladelphia.com

444 N 4th St, Philadelphia, PA, 19123, United States

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1051 W Sherman Ave