Prime Investment Sale | 4 Unit | 8%+ Cap Rate | Mixed-use Resi & Comm | Egg Harbor City, NJ

Highlights

• 4 Income Producing Tenants (2 Commercial Retail and 2 Residential Units)
• 8%+ Cap Rate | National Anchored Tenant | Bank of America | Dental Care
• Renovated Brand New in 2024
• Zoned 2SB-A for mixed-use Residential and Storefront Retail
• Located in thriving NJ Shoreline and Atlantic City Marketplace area
• 100% occupancy with history of long term occupancy

Description

The Elia Realty Group (ERG) powered by KW Commercial welcomes you to 205 Philadelphia Avenue in Egg Harbor City, New Jersey, is a mixed-use property featuring both commercial and residential spaces. The ground floor has commercial retail units and residential apartments above.

The second floor comprises a three-bedroom, one-bathroom apartment. This unit has been updated with new paint, refinished hardwood floors, a renovated kitchen, and stainless steel appliances. It offers convenient access to nearby shops and public transportation.

The property is situated in a busy commercial area, making it a prime location for investment opportunities. Its proximity to public transportation enhances its appeal for both commercial and residential purposes.

Situated in Egg Harbor City, NJ, the area offers convenient access to the Atlantic City Marketplace, providing a range of shopping and dining options for employees and visitors. The location also benefits from its proximity to the Atlantic City International Airport, making travel convenient for business meetings and corporate events. Nearby, the renowned Renault Winery and Golf Resort offers a picturesque setting for leisure activities and client entertainment. With Atlantic City just a short drive away, the area provides access to a vibrant city center and an array of entertainment options. This prime location offers the perfect balance of business amenities and nearby attractions for an office building investment.