228 Philadelphia Ave 4,634 SF 100% Leased Office Building Egg Harbor City, NJ 08215 $575,000 ($124.08/SF) 9.46% Cap Rate

228 Philadelphia Avenue is a mixed-use investment property located in the heart of Egg Harbor City's business district. The approximately 4,634-square-foot building contains three units, including one commercial space and two residential units. At the time of marketing, the commercial unit was occupied by an accountant's office, the one-bedroom residential unit was occupied, and the four-bedroom residential unit was vacant with tenant applications pending, providing future leasing upside. The property also includes a detached garage and offers strong visibility along Philadelphia Avenue. Marketed as an income-producing asset with a reported cap rate of approximately 9.3%, the property was positioned as an attractive opportunity for investors or owner-occupants seeking cash flow and value-add potential. The property benefits from proximity to shopping, restaurants, public transportation, and downtown Egg Harbor City amenities. Built circa 1900 and zoned R-C, the asset combines stable in-place income with future revenue growth opportunities.