Overview

Description

Opportunity Plus. Priced to sell. Located in Blackwood West Redevelopment area in heart of Blackwood across from the Meadows Diner. Priced for a quick sale.. zoned CR. Prime Black Horse Pike location. was 3 units that needs to be completely gutted and remodeled. ( no utilities working or in use) sold as is. prior uses were a barber shop and wood work shop. taxes for 2022 are combined approximately 9,294. total tax assessment is 229,300. copied from the Gloucester Twp web site for zoning, The Blackwood West Redevelopment Plan is a comprehensive revitalization program for this traditional commercial center and its nearby neighborhoods in west central Gloucester Township.The Redevelopment Plans core strategy is to: Accomplish the Redevelopment Plan primarily through mixed-use buildings and mixed site development.Gloucester Township has designated several areas of the Township as redevelopment areas under the Local Redevelopment and Housing Law. Declaring an area in need of redevelopment allows for financial incentives for redevelopment projects. Gloucester Township believes that its ability to grant tax exemptions and abatement is an essential part of a comprehensive strategy to attract new development and redevelopment.Tax Abatement Program. The Township s commercial and industrial tax abatement program is a phase-in of property taxes over 5 years for new projects, or the rehabilitation and/or expansion of existing commercial and industrial properties. Developers must file a pre-application for abatement prior to construction. Further information and abatement applications are available from the Tax Assessor s Office at (856) 374-3532. All applications must be filed within 30 days from completion of construction Payment in Lieu of Taxes (PILOT) Program The PILOT Program is a form of a long term tax exemption in which the developer pays an annual service charge to the Township in the place of local property taxes. The municipality may base the amount of the PILOT on a percentage of a project s total cost over the term of the exemption or a percentage of the project s gross revenue which may fluctuate depending on the financial success of the project. In either case, the Township aims to reduce the amount of money a redevelopment project would be responsible for in property taxes. verify everything with the township .

Highlights

• Days on Market: 177
• Heating: 90% Forced Air

This listing was syndicated through:

Listing ID: 802715444534

Location

Gallery