For Sale
$1,999,000

15 Jersey Ave Pleasantville, NJ 08232

6,500 SF Bank, Excellent Investment

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 6,500 square foot freestanding bank building located at 15 W West Jersey Avenue in Pleasantville, New Jersey. The property, built in 2000, is offered at $1,999,000 and includes the fee simple interest (land and building). The single-tenant building boasts a well-maintained structure with significant capital improvements completed within the last 3-5 years. A key feature is the inclusion of a two-lane drive-thru, enhancing operational efficiency. This offering presents a compelling sale-leaseback opportunity, featuring a new 10-year lease with multiple options. The property benefits from its strategic location within Atlantic County's Urban Enterprise Zone. The current tenant, First Harvest Credit Union, is a prominent financial institution, ranking as the fifth largest credit union in New Jersey and the 747th largest nationally. Established in 1940, it currently employs 128 people and serves over 42,005 members across eight locations. The property includes ample parking with 40 spaces. Seller financing is available for qualified buyers. Detailed financial information is available upon execution of a non-disclosure agreement.

Highlights

  • Fee simple ownership of a freestanding, single-tenant building.
  • Early 2000s construction, featuring a two-lane drive-thru and recent capital improvements.
  • Sale-leaseback with a new 10-year lease including options.
  • Located in an Atlantic County Urban Enterprise Zone.
  • Leased to First Harvest Credit Union, a top New Jersey credit union.
  • Seller financing available to qualified buyers. Financials available upon NDA.

Property Details for 15 Jersey Ave

Property type
Retail properties, Banks
Square Feet
6,500 SF
Year Built
2000

Location Insight

City
Pleasantville
County
Atlantic
State
New Jersey
Latitude
39.3908722
Longitude
-74.5245667

FAQs

What type of property is this?
Retail property - 6,500 SF Bank, Excellent Investment
Where is the retail property located?
The property is located at 15 Jersey Ave Pleasantville, NJ.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Fee simple ownership of a freestanding, single-tenant building.; Early 2000s construction, featuring a two-lane drive-thru and recent capital improvements.; Sale-leaseback with a new 10-year lease including options.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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15 Jersey Ave
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