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43 W Church Street
Blackwood, NJ 08012
Walt Nicholson with Century 21 Nicholson, original listing - (856) 228-7400
$499,900
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
What a Gem. Picture your business at this super location. 5400 sq ft office building comprised of 3 stories 1800 sq ft each. The Main and upper floors are modernized and well maintained with an approved use of Professional Office. Most :clean" uses could be approved in this middle of town zone. The lower level is unfinished, ready for build-out. Redevelopment zoning will accommodate wide variety of possibilities. Very convenient location. A minute drive to Washington Twp or Deptford Twp border yet 1/2 block to the very center of town. Just a 15 minute drive to Phila or Malls. New Gloucester Premium Outlets are just a ew minutes down the Pike. Historic building originally built like a rock as the Blackwoodtown Grange Hall. History and Community are at the roots of this well maintained building. ( AKA "Pomona Hall") Major new concrete to marginal areas in parking lot and driveway. New sump pump with 2 runs. All new (26) windows throughout. Property is priced for a clean as-is sale. It should pass any inspections required,
Property Information
Lot Size
0 acre(s) square ft
Property Type
Commercial Sale-Other
Year Built
1909
MLS Number
--
Location
Address
43 W CHURCH STREET
City
BLACKWOOD
State
NJ
Zip Code
08012
County
CAMDEN (CENTRAL)
Listing
Name
Phone
(856) 228-7400
Office Name
Office Phone
(856) 228-7400
Agent Name
Walt Nicholson
Agency Phone
(856) 228-7400

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.