Property
Egg Harbor City, NJ 08215 205-207 Philadelphia Avenue
$845,000
Pending
11 more
Presented By: BHHS Fox & Roach-Margate
SQFT • 4,760
Home Details
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
Presented By: BHHS Fox & Roach-Margate
Interior Features for 205-207 Philadelphia Avenue
Other Interior Features
Central Air Y/NYes
FlooringWood
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterMulti-tank
General for 205-207 Philadelphia Avenue
Acceptable FinancingConventional, Cash, Exchange, Negotiable
Accessibility36 + wide Halls
Association Recreation FeeN
Business TypeMedical, Other
CityEGG HARBOR CITY
Construction MaterialsMasonry, Aluminum Siding, Brick Front
Cool FuelNatural Gas
CoolingCentral A/C
CountyATLANTIC
DirectionsWest on Rt 30 turn right on Philadelphia Ave - property on left. East on RT30 turn left on Philadelphia - property 2 blocks on left
DisclosuresLead Based Paint - State, Use and Occupancy Permit
Electric110 Volts
HeatingRadiator
Historic Y/NNo
Lease Considered Y/NNo
Lot Size Square Feet3280.00
Lot Size UnitsSquare Feet
MLS AreaEgg Harbor City (20107)
ModificationTimestamp2025-08-04T01:48:19
MunicipalityEGG HARBOR CITY
New ConstructionNo
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG177.52
Property ConditionExcellent
Property SubtypeMixed Use
Property TypeCommercial Sale
RoofAsbestos Shingle
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Tax Annual Amount7694.0
Tax Assessed Value145700.0
Tax Lot12.02
Tax Year2021
TransportationAirport less than 10 miles, Bus Stop less than 1 mile
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1910
Year Built SourceEstimated
ZoningR-C
Exterior for 205-207 Philadelphia Avenue
Building Area Total4760.00
Car Parking Spaces
Land Assessed Value24500.00
Lot Dimensions40x82
Lot Size Acres0.08
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Other EquipmentNone
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Aneesa Pinheiro
Associate