205-207 Philadelphia Avenue Egg Harbor City, NJ ^$ 845,000

205-207 Philadelphia Avenue

^$ 845,000

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205-207 Philadelphia Avenue

Egg Harbor City, NJ, 08215

^$ 845,000

Bedrooms-- Baths-- Sq 4,760

Monthly Estimate*

^$ 5,272

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Commercial Property for sale in Egg Harbor City, NJ

for $845,000. This 4,760 square foot building was built in 1910 on a lot size of 0.08.

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

Commercial Pending

Price

^$ 845,000

Property Type

Commercial

Taxes

^$ 7,694

Style

Medical

Lot Size

0.08

Year Built

1910

Town/City

Egg Harbor City

County/Region

Atlantic

MLS | Web ID

NJAC2000154

Features

Interior

Heating Fuel Natural Gas

Flooring Wood

Hot Water Multi-tank

Heating Y/N Y

Central Air Y/N Y

General

Sewer Public Sewer

Heating Radiator

Cooling Central A/C

Possession Immediate

Roof Asbestos Shingle

Zoning R-C

Construction Materials Masonry Aluminum Siding Brick Front

Year Built 1910

Electric 110 Volts

Property Subtype Mixed Use

Tax Year 2021

Ownership Fee Simple

Cool Fuel Natural Gas

Municipality EGG HARBOR CITY

Business Type Medical Other

Accessibility 36 + wide Halls

County ATLANTIC

New Construction N

Property Type Commercial Sale

Water Access Y/N N

Status PENDING

Directions West on Rt 30 turn right on Philadelphia Ave - property on left. East on RT30 turn left on Philadelphia - property 2 blocks on left

City EGG HARBOR CITY

Disclosures Lead Based Paint - State Use and Occupancy Permit

MLS Area Egg Harbor City (20107)

Lot Size Units Square Feet

Lot Size Square Feet 3280.00

Tax Annual Amount 7694.0

Property Condition Excellent

Price Per Sq Ft Total AG 177.52

Acceptable Financing Conventional Cash Exchange Negotiable

Historic Y/N N

Lease Considered Y/N N

Vacation Rental Y/N N

Standard Status Pending

Year Built Source Estimated

Tax Lot 12.02

Association Recreation Fee N

Exterior

Water Source Public

Type of Parking On Street

Water View Y/N N

Building Area Total 4760.00

Lot Dimensions 40x82

Lot Size Acres 0.08

Lot Size Source Estimated

Waterfront Y/N N

Other Equipment None

Land Assessed Value 24500.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 205

* Excluded Features

List By

Bhhs Fox & Roach-Margate

Broker

robert.rosenthal@foxroach.com

Affordability Calculator

$5,913

Per Month

Monthly Principal & Interest: $5,272
Monthly Property Taxes: $641
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Egg Harbor City, NJ

Average List Price ^$448,630

Percent of Sale Price 47%

About Egg Harbor City, NJ

4,217 Population

-7% Since 2002

^$44,941 Median Income

36.84 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/2/2021	$845,000		Listed Price

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205-207 Philadelphia Avenue, Egg Harbor City, NJ, 08215 is a Commercial Property for sale at $845,000 with 4,760 sqft and a lot size of 0.08. 205-207 Philadelphia Avenue was built in 1910. The property's zip code is 08215 which is in Egg Harbor City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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205-207 Philadelphia Avenue

Commercial Property for sale in Egg Harbor City, NJ

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