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Elmer,NJ 08318
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
Originating Board BRIGHT
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
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