For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

205-207 Philadelphia Ave Egg Harbor City, NJ 08215

View on Map
Loading data...
Loading data...
Loading data...
Pending
$845,000

Fully occupied mixed-use property with commercial and residential units.

Lot size:
0.08 Acres

Property Features for 205-207 Philadelphia Ave

General Information

Standard status
Pending
Lot size
0.08 Acres

Building Details

Year built
1910

We can help!

Listing Contact
Robert A. Rosenthal
Source: Exitrealty

Listing Agency: BHHS Fox & Roach-Margate Listing Agent: Robert A. Rosenthal

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more


Overview

Mixed-Use Investment Property For Sale

This fully occupied mixed-use property features a Bank of America branch, a dental care office, and two 3-bedroom apartments. The Bank of America lease commenced in 2013 for a term of 15 years, with 7 years remaining. Lease payments for years 16 to 30 will increase from $2,927 per month to $3,522.67 per month. Bank of America reimburses 25% of all operating expenses. The Dental Care lease is for 60 months with two five-year options, featuring a 3% annual increase. The dental care office includes an ADA-compliant bathroom. The second floor contains two 3-bedroom apartments, one renting for $1,200 per month and the other for $1,100 per month. The property consists of four units, each measuring 1,156 square feet, totaling 4,624 square feet. The property is located in a busy commercial area near public transportation. The cap rate is 7.66%.
Location Intelligence

Current Use by Public Records

Banks

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Skin Care Clinic Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Egg Harbor City
County
Atlantic
State
New Jersey
Longitude
-74.6459831
Latitude
39.5303936

FAQs

What type of property is this?
Bank - Fully occupied mixed-use property with commercial and residential units.
Where is this bank located?
The property is located at 205-207 Philadelphia Ave Egg Harbor City, NJ.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: - 100% Occupancy with Established Tenants: Bank of America and Dental Care of Egg Harbor, LLC, plus two residential units.; - Bank of America Lease: Long-term lease with 7 years remaining, providing stable and predictable income.; - Favorable Lease Terms: Bank of America reimburses 25% of operating expenses, enhancing profitability.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message