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!
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!
Neighborhood
Type
County
Burlington
Area
Palmyra Boro
Tax Amount
$13,084
Status
Active
Listing #
NJBL2090006
Built
1940
Lot Size
0.23
Listed on site
19 days
Listing Agent Id
304458709776