2004 Bayshore Rd - Medical FOR SALE


Villas, NJ 08251
$1,075,000 USD
609-780-3938
2004 Bayshore Rd, Villas, NJ for Sale
$1,075,000 USD
Medical - FOR SALE
1/27
null | Request Cap Rate

2004 Bayshore Rd
Villas, NJ 08251


HIGHLIGHTS

  • High Visibility Location in Growing Area
  • Two Medical Offices, 1 Real Estate Office, 2 Business Offices, 1 Residential Apartment
  • 100% Occupancy
  • 34 parking spaces

OVERVIEW

Fully Leased Mixed-Use Commercial Complex | Excellent Visibility | Potential Owner-User Opportunity Prime mixed-use Office-Professional Complex located along the high-traffic Bayshore corridor in southern end of Villas—minutes from Cape May and the Wildwoods. This well-maintained/updated income property sits on just under one acre and includes two buildings with six total units, all separately metered. Property Overview Total Units: 6 (1) 2,500 SF medical office (front building) (3) 1,000 SF commercial suites (rear building) (1) beautifully renovated 1BR apartment (1) private office suite Lot Size: ±0.95 acres Zoning: General Business Parking: Expanded to 34 Spaces Inc. Handicapped Parking Space Accessibility: Ground-floor units are wheelchair accessible Recent Upgrades New vinyl siding (2023) Expanded Paved Parking Lot Updated Backlit Signage Current owner had use upgraded after purchase to the now existing 5 commercial units & one residential. Investment Highlights Fully Leased: medical practice, chiropractic, real estate, linen company occupying two units, residential tenant Low-maintenance property with separate utilities Upside potential: upcoming lease expirations allow owner-user or rent adjustments Excellent visibility and daily traffic along Bayshore Road corridor in an area that continues to grow in value Seller financing may be available for qualified buyers Financial Snapshot Gross Annual Income: approx. $96,000 Net Operating Income (est.): approx. $74,000 List Price: $1,075,000

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

GB

APN/PARCEL ID

05-00334-01-00001

ASK ABOUT THIS PROPERTY

Kathleen HarronRE/MAX SurfsideMore Info
609-780-3938

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Kathleen HarronRE/MAX SurfsideMore Info
609-780-3938

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.