Introducing an exceptional investment opportunity at 207 E. Broad Street in picturesque Palmera Boro, New Jersey! This newly listed property is a remarkable blend of commercial and residential spaces, featuring two prime storefronts complemented by six modern residential apartments. Spanning over 10,000 square feet, this income-producing gem boasts a solid cap rate of 9.2, making it a savvy addition to any portfolio.
Step inside the first-floor commercial unit, which serves as a stunning venue and retail area, perfect for attracting foot traffic and customers. The second commercial space is a versatile front office, ideal for a variety of businesses. The property underwent a complete rehabilitation in 2023, ensuring that every corner reflects modern design and functionality.
With an impressive annual income, this property is not only priced to sell, but also offers fantastic growth potential for a motivated seller. Don't miss your chance to capitalize on this unique opportunity to own a thriving asset in a vibrant community. Act fast, as this listing won't last long!
Property Features
Cooling Information
Central Air
Ceiling Fan(s)
Multi Units
Window Unit(s)
Other
Wall Unit(s)
Electric
Parking
On Street
Private
Lighted
Paved
Garage
Parking Lot
Other
Utilities
Cable Available
Natural Gas Available
Phone Available
Sewer Available
Water Available
Electricity Available
Heating Information
Electric
Natural Gas
Other
Forced Air
Baseboard
Water Features
Public
Listing Courtesy: Realty Mark Advantage - 856-457-4900