228 Philadelphia Ave - Office/Residential FOR SALE


Egg Harbor City, NJ 08215
$575,000 USD
609-317-3492
228 Philadelphia Ave, Egg Harbor City, NJ for Sale
$575,000 USD
Office/Residential - FOR SALE
1/2
null | 9.46% Cap Rate

228 Philadelphia Ave
Egg Harbor City, NJ 08215


HIGHLIGHTS

  • Mixed-use property featuring one commercial unit and two residential units.
  • Commercial space leased to an accountant's office, providing stable tenancy and street visibility.

OVERVIEW

228 Philadelphia Avenue is a mixed-use investment property located in the heart of Egg Harbor City's business district. The approximately 4,634-square-foot building contains three units, including one commercial space and two residential units. At the time of marketing, the commercial unit was occupied by an accountant's office, the one-bedroom residential unit was occupied, and the four-bedroom residential unit was vacant with tenant applications pending, providing future leasing upside. The property also includes a detached garage and offers strong visibility along Philadelphia Avenue. Marketed as an income-producing asset with a reported cap rate of approximately 9.3%, the property was positioned as an attractive opportunity for investors or owner-occupants seeking cash flow and value-add potential. The property benefits from proximity to shopping, restaurants, public transportation, and downtown Egg Harbor City amenities. Built circa 1900 and zoned R-C, the asset combines stable in-place income with future revenue growth opportunities.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

9.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,011 SF

ZONING

R-C

APN/PARCEL ID

07-00317-0000-00008

ASK ABOUT THIS PROPERTY

GLADYS DELUCAeXp RealtyMore Info
609-317-3492

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GLADYS DELUCAeXp RealtyMore Info
609-317-3492

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