Listing Courtesy of: Real Broker, LLC (856) 352-4045
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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.
Listing Courtesy of: Real Broker, LLC (856) 352-4045
Directions: From center of Elmer, South on Main Street. PIQ at corner of Main Street, Salem St. Across from Centerton Road
Interior Features
Heating: Forced Air
Heating Fuel: Oil
Cooling: Central A/C, Electric
Water Heater: Natural Gas
Total Number of Units: 1
Accessibility: None
Exterior Features
Is New Construction: No
Construction: Other
Septic or Sewer: On Site Septic
Has Garage: No
Parking Spaces: 10
Lot Size in Acres: 0
Lot Size in Sq. Ft.: 0
Dimensions: 87.00 x 0.00
Zoning: R125
Building Total Area (Sq. Ft.): 4,831
Has Waterfront: No
Has Water Access: No
School
School District: ELMER BORO
Additional Information
ListDate: 2025-05-07 00:00:00.0
Possession: Immediate
Property Type: COM
Property SubType: Commercial Sale
Year Built: 1890
Status: Active
Tax Year: 2024
Tax Amount: $17,112
Ownership Interest: Fee Simple
Business Type: Apartment Building
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.