2004 Bayshore Rd - Medical FOR SALE


Villas, NJ 08251
$1,200,000 USD
609-780-3938
2004 Bayshore Rd, Villas, NJ for Sale
$1,200,000 USD
Medical - FOR SALE
1/27
null | Request Cap Rate

2004 Bayshore Rd
Villas, NJ 08251


OVERVIEW

Stabilized Mixed-Use Investment Opportunity Near Cape May Located on the highly visible Bayshore Road corridor in Lower Township, this income-producing property is just minutes from Cape May, the Wildwoods, the Delaware Bay beaches, and Routes 47 and 9. The approximately 6,700-square-foot complex consists of two well-maintained buildings featuring five commercial units and one residential apartment, currently generating nearly $100,000 in annual gross rental income. The diverse tenant mix includes established medical, professional, service, and residential occupants, providing stable cash flow with long-term investment potential. Owners has invested significantly in the property, completing extensive improvements including expansion of the legal use to five commercial units and one residential apartment, renovation of the second-floor office and apartment, expanded parking with approximately 34 spaces, updated vinyl siding, enhanced back-lit signage, and numerous site improvements. The flexible layout provides future owner-user potential as leases naturally transition while maintaining strong in-place income. Seller will consider first-position financing for qualified buyers, subject to mutually acceptable terms and documentation.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$189 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.