Real Estate Journal — Central New Jersey — August 12 - 25, 2016 — 13B


M id A tlantic

C entral N ew J ersey Including a three story, three unit commercial turnkey income property Warner Real Estate to hold online auctions in September for two income properties

OUTH RIVER/WOOD- STOWN, NJ — Warner Real Estate & Auction Company is holding two on- line only real estate auctions. 39 East Ave. in Woodstown, is a 3 Story, 3 Unit Commercial Building. This is a Turnkey Income Property, as the sec- ond floor is currently rented out for $700/mo. and the third floor is currently being rented out for $750/mo. The first floor is a spacious office or could be converted to residential unit (conditional use LC zoning). “This is a wonderful opportu- nity for an investor or owner/ user with GREAT exposure on Route 40!” said RichWarner , president of Warner Real Es- tate & Auction. This property is selling at $75,000 or above. Join us for the Property In- spection on Sunday, Septem- ber 4 from 12:00-1:00PM. The second property avail- able for purchase is located at 57 Reid St. in South River, with an opening bid of only $5,000! This long standing service station with 15 x 15 office/mini-store is located on a highly trafficked road between Sayreville & South River to S NAIOP NJ Seminar: Regulatory and Legislative Issues Impacting Com- mercial Real Estate EDISON, NJ —Regulatory and legislative changes re- lated to critical water resource management and environmen- tal remediation – and their impact on the commercial real estate industry – were the topics of discussion during NAIOPNewJersey ’s Annual Regulatory, Legislative and Legal Update seminar. Keynote speaker Senator Bob Smith , chair of the Sen- ate Environment Committee, offered insight into efforts by the New Jersey DEP to streamline the state’s flood hazard area laws. “The criti- cal issue is whether or not the state’s rules are in line with federal laws designed to prevent the deterioration of stream quality and function. The proposals presented last year by DEP did not meet leg- islative intent, and we worked together to develop new rules that are significantly better. The proposal is currently on the state Senate floor, but the Assembly feels there is still room for improvement.” n

WILL SELL regardless of price! Preview this property at your leisure. Bidding for Woodstown will begin on September 7th at 8AM and will end on Septem- ber 13 at 10AM. Bidding for South River will begin Septem- ber 8th at 8AM and will end on September 14th at 10AM. These auctions are being held online only at WarnerRealtors. com. Please visit the website for complete terms, conditions, photos, and property informa- tion packages. A 10% Buyer’s Premium will be added in ad- dition to the winning bid for each property. n

57 Reid St.

39 East Ave. Route 18. “You don’t want to miss out on this opportunity to bid your price on this turnkey

service station with low-cost operating expenses.” said Warner. All Pumps and tanks

were tested in 2016, there is no supply or branding contracts, low taxes, and this property

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