Prime Mixed-Use Investment Opportunity in the Heart of Uptown Pitman! Situated on a prominent corner in the heart of Pitman's vibrant Uptown business district, this substantial income-producing mixed-use property presents an exceptional opportunity for investors seeking a commercial and residential asset in a highly desirable location. Offering approximately 10,400± square feet, the property features two retail/commercial units occupying the ground floor and walk-out lower level, a manager's apartment, and a 14-room boarding house on the second floor, known as Uptown Commons. Both commercial units are occupied by an established, well-known local business under a long-term lease. The residential component includes a long-term apartment tenant and a combination of occupied and available boarding rooms, offering additional rental income potential. With frontage along both South Broadway and Pitman Avenue, the property enjoys excellent visibility and a prime Uptown location. A small private parking lot, accessible from Pitman Avenue, provides added convenience. The property is within walking distance of Uptown Pitman's popular restaurants, boutiques, entertainment venues, and local businesses. The combination of established commercial tenancy, existing residential income, and opportunity for increased occupancy makes this an attractive investment prospect with multiple income streams and potential for future growth. Sale is subject to all existing tenant leases, which shall be honored by the purchaser. All square footage, dimensions, and measurements are approximate and provided for informational purposes only. Buyer and Buyer's representatives are responsible for independently verifying all measurements, property details, permitted uses, and other information material to the purchase. Schedule your private appointment to explore this unique investment opportunity in Uptown Pitman!
Penzone Realty is pleased to present 55 Commerce Avenue, a distinctive industrial property located in the heart of Pitman, New Jersey. The offering consists of approximately 22,667 SF of existing improvements on ±0.76 acre, including a ±20,819 SF main building and ±1,848 SF secondary storage/garage structure, with approximately 242 feet of frontage along Commerce Avenue. The property contains substantial existing warehouse, staging, loading, office and support areas with multiple points of building access, dock-high loading and documented three-phase electrical service. The existing configuration provides an opportunity for continued industrial or owner-user occupancy while also offering potential for reconfiguration, adaptive reuse or redevelopment, subject to zoning and municipal approvals. What makes 55 Commerce Avenue particularly interesting is its in-town Pitman location. The property sits near downtown Pitman and the rail corridor in the area of the proposed Pitman Station of the Glassboro-Camden Line, creating a longer-term location and redevelopment story in addition to the utility of the existing industrial improvements. Potential purchasers may include industrial owner-users, warehouse or specialized industrial operators, investors evaluating subdivision or reconfiguration for smaller industrial/flex users, and buyers considering adaptive reuse or longer-term redevelopment.
Pitman is located in New Jersey. Pitman, New Jersey has a population of 8,812. Pitman is less family-centric than the surrounding county with 32.18% of the households containing married families with children. The county average for households married with children is 32.18%.
The median household income in Pitman, New Jersey is $84,303. The median household income for the surrounding county is $93,208 compared to the national median of $69,021. The median age of people living in Pitman is 42.8 years.
The average high temperature in July is 86.8 degrees, with an average low temperature in January of 23.9 degrees. The average rainfall is approximately 46 inches per year, with 17.8 inches of snow per year.
