207 E BROAD ST new to site Save Request In-Person Tour Request Virtual Tour
Palmyra,NJ 08065
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Palmyra Gardens
MLS Listing ID NJBL2090006
Year Built 1940
Annual Tax Amount $13,084
Tax Year 2024
Lot Size 9,997 Sqft
Acres 0.23
Lot Dimensions 50.00 x 200.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
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!
Location
State NJ
County Burlington
Area Palmyra Boro (20327)
Zoning COMMERCIAL
Interior
Hot Water Electric,Natural Gas
Cooling Ceiling Fan(s),Central A/C,Multi Units,Wall Unit,Window Unit(s),Other
Flooring Carpet,Concrete,Hardwood,Heavy Duty,Laminated,Luxury Vinyl Tile,Marble,Stone,Other
Equipment Negotiable
Heat Source Natural Gas,Electric
Exterior
Garage Spaces 20.0
Utilities Available Cable TV Available,Electric Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Water Access N
Roof Type Foam
Accessibility 2+ Access Exits
Total Parking Spaces 20
Garage N
Building
Foundation Brick/Mortar,Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Palmyra Borough Public Schools
Others
Tax ID 27-00081-00011
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Financing Cash,Conventional,Other
Special Listing Condition Standard