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Jordan Muirhead

jordan@premiumrepartners.com +1(703) 615-8732

Listed by Victor Mangeney • Real Broker, LLC

$ 969,156

Est. payment -/mo

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Active

326 S MAIN ST Elmer, NJ 08318

4,831 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,831 sqft

Price per Sqft $200

MLS Listing ID NJSA2014694

Year Built 1890

Annual Tax Amount $17,112

Tax Year 2024

Lot Dimensions 87.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Lakeside Manor is a 32 Bed, free standing Residential Health Care Facility licensed by the State
of New Jersey Department of Community Affairs to provide personal care to up to 32 residents.
Fully staffed, it allows residents to enjoy their short or long term occupancy. The facility has just
received its 2025 DCA State License in March, this being the 10th year of ownership and
approved licensing. Located in Elmer, Salem County, Lakeside Manor sits across from Elmer
Lake providing a tranquil, peaceful setting. As currently structured, Lakeside Manor produces a
Cap Rate of over 12% with a possibility of increasing the profitability, including but not limited
to an additional revenue opportunity for mental health professionals [with assigned NPI
number] to bill Medicare/Medicaid under Fee for Services. Well established and stable facility that has been well kept for a decade of current ownership.

Location

State NJ

County Salem

Area Elmer Boro (21703)

Zoning R125

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Oil

Exterior

Garage Spaces 10.0

Water Access N

Accessibility None

Total Parking Spaces 10

Garage N

Building

Sewer On Site Septic

Water Public

New Construction N

Schools

School District Elmer Boro

Others

Tax ID 03-00029-00018

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Jordan Muirhead

Agent | License ID: 0225206725

+1(703) 615-8732

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Jordan Muirhead

326 S MAIN ST Elmer, NJ 08318

Key Details

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326 S MAIN ST