416 Delilah RdPleasantville, NJ 08232

Property Details for 416 Delilah Rd

Year built

2019

Lot size

1.40 AC

Property size (Sq ft)

9,360 SF

Zone code

UEZC

Property type

Other commercial real estate

APN

19 00192-0000-00007

APU

1900192000000007

Description

This exceptional retail property, located at 416 W Delilah Rd in Pleasantville, New Jersey, presents a lucrative investment opportunity. Built in 2019, the 9,200 square foot building sits on a 1.396-acre lot and is zoned UEZC – Urban Enterprise Zone. Currently leased until April 28th, 2024, with five-year lease options, the property generates a substantial annual income of $129,400. The tenant is responsible for property taxes, currently assessed at $59,335 for 2023. The owner's responsibilities include maintaining the roof, awning, and gutters. The asking price is $1,795,000, representing a compelling 7% capitalization rate. This property offers a strong return on investment with a long-term lease in place and a prime location within the vibrant Pleasantville commercial district. The price per square foot is $216.85, reflecting the value and potential of this exceptional retail space. This is a rare opportunity to acquire a high-performing, recently constructed retail building with a proven track record of income generation. The property's strategic location and strong tenant occupancy make it an ideal addition to any investment portfolio. Don't miss this chance to secure a profitable and stable investment in a thriving New Jersey market.

• Alternative Use

  Use

  Valuation

  Residential

  $3,451,373

  Hospitality

  $3,161,439

  Educational

  $2,630,280

  Medical

  $2,720,740

  Retail

  $4,091,547

Location Insight

City

Pleasantville

County

Atlantic

State

New Jersey

Latitude

39.4075

Longitude

-74.5179

CBSA code

12100

CBSA name

ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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