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205-207 PHILADELPHIA AVENUE

Egg Harbor City, New Jersey, 08215, United States

Property ID: #759007 // commercial
205-207 PHILADELPHIA AVENUE
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Traditional Sale
List Price:
$845,000.00
Icon 4,760 ft²
Icon 0.08 acres
Icon - beds
Icon - baths
Address:
205-207 PHILADELPHIA AVENUE
City:
Egg Harbor City
State:
New Jersey
Zip Code:
08215
County:
ATLANTIC
Country:
United States
Property Type:
Commercial
Additional Property Types:
Other
Year Built:
1910
Property Size:
4,760 ft²
Lot Size:
0.08 acres
Data Source:
BrightMLS
MLS/Reference Number(s):
NJAC2000154
Source Status:
Pending
Source Property Type:
Commercial, Other

Property Provided By

  • Robert A. Rosenthal
  • BHHS Fox & Roach-Margate
  • +1 (609) 822-4200
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Connect with a local buyer's rep to get up to
$5,070 cashback!

Property Information

Bank of America, Dental Care of Egg Harbor, LLC, two 3-bedroom apartments, 100% occupied. Lease with BOA started in 2013 for 15 years, has 7 years remaining. Years 16 to 30 go from $2927/month to $3,522.67/month. BOA reimburses 25% of all operating expenses. Dental Care lease is for 60 months with 2 five-year options at 3% bump per year. Dental Care just opened has ADA compliant bathroom. Leases escalate yearly. Buyer and seller will follow Bulk Sales Act, C9600, certified at least 10 days prior to settlement. 2nd floor two 3-BR apartments one at $1,200/month and one at $1,100/month. 4 units at 1,156 sf for total 4,624 sf. Cap Rate 7.66%. Located in busy commercial area near public transportation. Great Investment Opportunity! Call listing broker to show

Directions

West on Rt 30 turn right on Philadelphia Ave - property on left. East on RT30 turn left on Philadelphia - property 2 blocks on left

Source Disclaimer

BrightMLS

Listing Information © 2024 BrightMLS. All Rights Reserved.
Courtesy of Robert A. Rosenthal, BHHS Fox & Roach-Margate robert.rosenthal@foxroach.com
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
This content last updated on 2023-07-25 13:25:17.


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