517 S Pennsville Auburn Rd

Estimated Monthly Payment: $22,341/mo 517 S Pennsville Auburn Rd, Penns Grove, NJ 08069 MLS# NJSA129902 Commercial Sale Listing Status: ACTIVE
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REMARKS:

Welcome to the New Jersey Opportunity Zones! The Opportunity Zones program was enacted as part of the 2017 federal Tax Cuts and Jobs Act and is designed to drive long-term capital investments into low-income rural and urban communities. This federal program provides opportunities for private investors to support investments in distressed communities through participation in Qualified Opportunity Funds. Investors can defer paying federal taxes on capital gains reinvested in Qualified Opportunity Funds that invest in low-income communities, under rules released by the U.S. Department of the Treasury. Reinvested capital gains are deferred from taxation until exit from a Qualified Opportunity Fund or December 31, 2026, whichever comes first. However the original gains reinvested in Qualified Opportunity Fund investments held for the long term are taxed at reduced rates, with taxable gains discounted by 10% at the 5-year mark and by an additional 5% discount at the 7-year mark. Any new gains from Qualified Opportunity Fund investments held for at least 10 years will be permanently excluded from the capital gains tax. Combined with incentives from the State, this program makes doing business in Carneys Point Township the township to choose!

OVERVIEW:

Commercial Sale
ACTIVE
BRIGHT
11.80
514008
None
None
None
Public
Public Sewer

FINANCIAL:

2500000
131291
131291

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Keller Williams Realty - Swedesboro

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Realty Swedesboro shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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