Mixed-Use Investment Opportunity in Egg Harbor City with a 9.3% cap rate Welcome to 228 Philadelphia Avenue, a partially occupied, income-producing mixed-use property located in the heart of Egg Harbor City’s business district close to shopping and restaurants. This well-maintained building features three total units, including one commercial space and two residential units, offering positive cash flow with additional upside. The commercial unit is occupied by an accountant’s office, providing stable, professional tenancy and excellent street visibility. The 1-bedroom residential unit is currently occupied, while the spacious 4-bedroom unit is vacant with tenant applications submitted and pending approval, allowing for immediate income potential or flexibility for an owner-occupant. A detached garage adds additional value and convenience. The property is conveniently located close to restaurants, shopping, and public transportation, enhancing long-term tenant appeal and walk ability. This property also presents an excellent opportunity for an owner-occupant seeking strong cash flow. Please note that financing is limited to commercial financing or cash purchases only.
Listing courtesy of: eXp Realty - Montclair
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