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$ 1,200,000
Est. payment | /mo
0.97 Acres Lot
$ 1,200,000
Est. payment | /mo
0.97 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 609984
Style Comm. w/Apartments
Annual Tax Amount $13,552
Tax Year 2025
Lot Size 0.970 Acres
Property Description
High-visibility, fully leased commercial investment opportunity located on Bayshore Road, south of Fulling Mill Road, offering excellent visibility and traffic exposure. Generating nearly $100,000 in annual gross rental income, this property offers approximately 6,700 square feet of income-producing space featuring five commercial units and one residential apartment, all currently occupied. Since 2022, the property has benefited from significant improvements including expansion to five commercial units and one residential apartment, new siding, back-lit signage, expanded parking, parking lot improvements, and complete renovations of the second-floor office and one-bedroom apartment. The property is occupied by a strong mix of established tenants, including a physician, chiropractor, real estate office, linen company, and residential tenant, providing immediate income and long-term investment potential. Seller is willing to consider below-market, first-position seller financing for qualified buyers, subject to mutually acceptable terms, buyer qualification, and loan documentation.
Location
State NJ
County Cape May
Community Villas
Area Lower Twp
Location Details Mainland
Rooms
Basement Crawl Space
Interior
Heating Electric, Gas-Natural, Gas-Propane
Exterior
Exterior Feature Sign
Parking Features 11 or More Spaces, Off Street, Paved
Roof Type Pitched
Building
Story 2
Sewer Public Sewer
Water Well
Listed by Re/Max Surfside-Cape May
Schools and Properties Nearby
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