361 Oakshade Rd

Shamong, NJ 08088

Endless potential with this property offering both residential and commercial opportunities! The 2,322 sq ft home/building sits on one acre (with a neighboring parcel of 5.4 acres also included 108 Tuckerton Road currently nonconforming w/ wetlands but could possibly be used for pineland development credits more research & application needed) close to the intersection of two popular roads, Tuckerton Road and Oakshade Road, in Shamong Township. The many different uses include: 1.) Owner Occupied as a Primary Residence (some modifications may be needed as well as township approval it is already in a residential zone). 2.) Owner Occupied w/ Owner's Business live in and operate your business out of the same dwelling (some modifications may be needed as well as township approval it is in a residential zone w/ currently commercial office space being rented). 3.) Commercial Property operate your business here (some modifications may be needed as well as township approval depending on business type it is currently used for professional office use & zoning officer has stated there should be no approvals needed if continuing to be used as professional office use w/ change of ownership). 4.) Commercial Rental Investment purchase this as an investment opportunity w/ several rental spaces available w/ high income opportunity (this is the current use). The dwelling is currently divided into two separate rental areas with the first floor offering a reception area/waiting room or could be a living room, one larger office or could be a dining room, 3 other offices or could be bedrooms, 1.5 bathrooms & an eat-in kitchen area (would need a stove for residential use). The second floor is currently rented on a month to month basis for $1200/mo (tenants would like to stay) & offers a separate outside entrance (also inside access to lower half), open reception area, 3 offices or bedrooms, kitchenette & a full bathroom. There is also a finished basement that both the second floor and first floor can access or just limit use to one floor. There is a deck, approximately 12 lined parking spots & potential for more parking on the gravel area & the shed (approx. 12x20) can be utilized for separate rental purposes or storage. There are two separate electric meters. The total building was receiving $4100/mo ($2900/mo for 1st floor & $1200/mo for 2nd floor) rental income in the past. Professional office use would be suitable for engineering, architects, accounting, insurance, surveyors, photographer, consulting, attorneys, real estate office, travel agency, financial, computer/tech, medical, dental & more! (Please confirm business use w/ zoning officer.)