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105 E Atlantic Avenue
Audubon, NJ 08106
Donna Moskowitz with Keller Williams Premier, original listing - (609) 459-5100
$300,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Huge 100,000 price adjustment...must see ...Owner wants to sell asap, Business opportunity awaits you here.! Great opportunity to start a business in downtown Audubon. Located just one block from White Horse Pike. Much traffic exposure on E. Atlantic Avenue. As you walk into this store, you have a first level for all your showcase items. On the first level in the back is a furnished office and a fully designed and new modern bathroom with all amenities. Full basement with an outdoor entrance as well. Basement is great for storage for all your supplies for your business. New hardwood flooring, tiled walls and floors, new lighting, central a/c system, gas heat, high speed internet capable. Owner has upgraded this store in the last few years. This is ideal for many stores: yoga, clothing, candle and aromatherapy items, soap making, jewelry, and cosmetics. You name it and this store will be the right location for the smart business entrepreneur. Owner is leaving many items: computers, printers, lighted cabinets, decorative lamps, track lighting in ceiling, mirrors, storage shelving, inventory in the basement, and much more. . Ideally located 5 minutes from Exit 29 of 295 and 10 minutes from Exit 3 or NJ Turnpike. Also only 20 minutes from Philadelphia and only 10 minutes from Haddonfield A local-owned and operated business. They have a loyal following of thousands of satisfied customers from Camden as well. Business has off-site packaging and supplies (A partial off-site inventory list will be provided.) Off-site list Includes essential oils, soap making machine and bath bomb machine included in the price and more. Feature areas: Freestanding body mannequins, colored jewelry mannequins, 2 large front windows for design, end caps, promotional area with desk for customers with software to do self-evaluations, and an individualized and designed cash wrap. This is one of the most respected stores in south NJ. With more than 25 years of experience, this business offers an amazing array of unique offerings from yoga clothing to music and individual spiritual jewelry. DETAILED INFORMATION Location Audubon, NJ Inventory Included in asking price Real Estate Owned Parking and a Parking Lot directly across from store. Can accommodate Furniture, Fixture & Equipment(FF&E)Included in Asking Price. This retail store has an impressive showroom of high-end chandeliers and a massage table that may be used for appointments. It has a break area with a microwave and coffee machine. You can see the shopping area directly from a desk in your office. The location is wonderful for this retail store as it enjoys great population density, and it is located on a major roadway that is heavily traveled. Come in and see its new renovation .This business has significant customer shopping in this area. Near homes and local shopping. There is no competition as it is the only store of its type on Atlantic Avenue sitting next to a fancy restaurant and highly trafficked diner nearby so when people eat they shop . The owner is retiring which is the reason for the sale.
Property Information
Lot Size
0 sqft square ft
Property Type
Commercial Sale-Other
Year Built
1950
MLS Number
--
Location
Address
105 E ATLANTIC AVENUE
City
AUDUBON
State
NJ
Zip Code
08106
County
CAMDEN (NORTHWEST)
Listing
Provider
Keller Williams Premier, original listing
Name
Phone
(609) 459-5100
Office Name
Office Phone
(609) 459-5100
Agent Name
Donna Moskowitz
Agency Phone
(609) 459-5100

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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.