2 S Main St,WOODSTOWN, NJ 08098
WOODSTOWN, NJ 08098
Description
Located in the heart of Historic Downtown Woodstown, 2 South Main Street presents a rare opportunity to acquire a fully leased mixed-use investment property positioned at the highly visible intersection of Routes 40 and 45. The property consists of approximately 8,100 square feet featuring a blend of retail storefronts and residential apartments, creating a diversified income-producing asset in one of Salem County's most charming walkable downtown corridors. The building includes three residential apartments and up to five retail storefronts, offering stable cash flow through a multi-tenant configuration. Situated on a prominent corner lot with strong street visibility and convenient on-street parking, the property benefits from consistent local traffic and close proximity to restaurants, retail shops, breweries, banks, and neighborhood services. Originally constructed in approximately 1920, the property combines historic downtown character with long-term investment potential. The asset is currently 100% occupied and fully leased, providing immediate in-place income with additional upside through future rent growth and continued downtown revitalization. The property is being offered at a purchase price of $967,000.00 and currently generates approximately $111,395.99 in annual gross income with a 2025 Net Operating Income (NOI) of approximately$71,391.06. Woodstown is a growing South Jersey community known for its historic charm, strong local identity, and regional accessibility to Philadelphia, Wilmington, and surrounding Salem and Gloucester County markets. The property'sstrategic location within the downtown business district positions it well for both residential and commercial tenant demand.
Details
| MLS # | NJSA2019168 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 132 |
| Listing Provided By | Keller Williams Realty - Moorestown | Devin Dinofa |
Features
| Units | 8 |
|---|---|
| Zoning | C-1 |
| Acreage | 0.13 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Frame, Wood Siding |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 20569 |
|---|
Area Information
| State | NJ |
|---|---|
| County | SALEM NJ |
| City | WOODSTOWN |
| Zip Code | 08098 |
| Area | Woodstown Boro (21715) |
| School District | WOODSTOWN-PILESGROVE REGI SCHOOL |
| Listing VS Median (in 08098) | |
Price: $899,999 low | high Med: $399,450 On site: 132 low | high Med: 47 | |
Market Activity 08098
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Learn More About This Property
| State | NJ |
|---|---|
| County | SALEM NJ |
| City | WOODSTOWN |
| Zip Code | 08098 |
| Area | Woodstown Boro (21715) |
| School District | WOODSTOWN-PILESGROVE REGI SCHOOL |
| Listing VS Median (in 08098) | |
Price: $899,999 low | high Med: $399,450 On site: 132 low | high Med: 47 | |