Property Description

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

Features
: Radiator
: Central a/c
: Asbestos Shingle
N
: Aluminum Siding, Brick Front, Masonry
: Wood
: 36"+ Wide Halls
N
: Natural Gas
: Natural gas
: Multi-tank
N
Address Map
West on Rt 30 turn right on Philadelphia Ave - property on left. East on RT30 turn left on Philadelphia - property 2 blocks on left
MLS Addon
Annually
Annually
CEDAR CREEK
FANNY D RITTENBERG
EGG HARBOR CITY SCHOOLS
4,760 Sqft
: Excellent
$7,694
2021
R-C
: Public Sewer
: Public
N
$0

Commercial Sale For Sale

205-207 PHILADELPHIA AVENUE, EGG HARBOR CITY, New Jersey 08215

0.08 Acre
$845,000
Listing ID #NJAC2000154
Basic Details
Property Type : Commercial Sale
Status : ACTIVE
Listing ID : NJAC2000154
Price : $845,000
Year Built : 1910
Lot Area : 0.08 Acre
Price Per SQFT : $178
Lot SQFT : 3,280 Sqft
Ownership Interest : Fee Simple
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