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$ 575,000
Est. payment /mo
New
228 Philadelphia Egg Harbor City, NJ 08215
3 Baths
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 609580
Style Comm. w/Apartments
Year Built 1900
Annual Tax Amount $8,714
Tax Year 2025
Lot Size 6,098 Sqft
Property Description
Mixed-Use Investment Opportunity in Egg Harbor City with a 9.3% cap rate Welcome to 228 Philadelphia Avenue, a partially occupied, income-producing mixed-use property located in the heart of Egg Harbor City's business district close to shopping and restaurants. This well-maintained building features three total units, including one commercial space and two residential units, offering positive cash flow with additional upside. The commercial unit is occupied by an accountant's office, providing stable, professional tenancy and excellent street visibility. The 1-bedroom residential unit is currently occupied, while the spacious 4-bedroom unit is vacant with tenant applications submitted and pending approval, allowing for immediate income potential or flexibility for an owner-occupant. A detached garage adds additional value and convenience. The property is conveniently located close to restaurants, shopping, and public transportation, enhancing long-term tenant appeal and walk ability. This property also presents an excellent opportunity for an owner-occupant seeking strong cash flow. Please note that financing is limited to commercial financing or cash purchases only.
Location
State NJ
County Atlantic
Community Egg Harbor City
Area Egg Harbor City
Location Details Business District
Interior
Heating Electric, Gas-Natural
Building
Story 2
Sewer Public Sewer
Water Public
Listed by eXp Realty - Montclair