228 Philadelphia, Egg Harbor City, NJ 08215
Atlantic County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Style
Comm. w/Apartments
Year Built
1900
Stories
2
Living Area
4,634 sq ft
Lot Size
0.14 acres
Days on Market
1
MLS® Listing#
609580
Property Features
- Cooling:
- Central Air, Window Unit(s)
- Heating:
- Electric, Natural Gas
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $8,714
Affordability Calculator
$115,000
Estimated monthly payment
$3,060/mo
Principal $460,000 · Est. interest $641,741 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Egg Harbor City, NJ
- $596,300
- Median Listing Price
- 51
- Median Days on Market
- 1,451
- Median Sq Ft
- $382
- Median Price / Sq Ft
- 3,584
- Active Listings
- This home’s price is 4% below the area median.
- Its price per sq ft is 68% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Egg Harbor City, NJ.
Location
- 228 Philadelphia, Egg Harbor City, NJ 08215
Nearby Schools
Fanny D Rittenberg School
School · 0.4 mi away
Charles L. Spragg School
Elementary · 0.5 mi away
Egg Harbor City Community School
Secondary · 0.8 mi away
Cedar Creek High School
Secondary · 1.7 mi away
The Acbt Performing Arts Academy
School · 3.9 mi away
Mullica Township Schools
Elementary · 4.9 mi away
Greater Egg Harbor Regional High School District
Secondary · 5.4 mi away
Oakcrest High School
Secondary · 5.4 mi away
Pilgrim Academy
School · 5.7 mi away
Hamilton Township School District
School · 5.9 mi away
William Davies Middle School
Secondary · 5.9 mi away
Atlantic County Institute of Technology
Secondary School · 6.6 mi away
Atlantic County Vocational Schools
Secondary · 6.7 mi away
Joseph C Shaner Mem'l Elem School
Elementary · 6.8 mi away
Atlantic County Audio Visual
School · 6.8 mi away
St Vincent de Paul Regional School
Elementary · 6.9 mi away
George Hess Educational Complex
Elementary · 7.3 mi away
Barbarito and Beyers Preschool
School · 7.3 mi away
Roland Rogers Elementary School
Elementary · 7.7 mi away
Absegami High School
Secondary · 7.8 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Egg Harbor City
Listing Courtesy: eXp Realty - Montclair - 8662016210