501 Broadway, Gloucester City, NJ 08030

Description

Mixed use corner property with one residential unit and one commercial unit. Conveniently located on the main road in Gloucester City which provides great exposure and a quick commute to Philadelphia. First floor commercial unit with large showcase windows and half bath is currently occupied by a long-term tenant. Tenant also occupies the spacious 2nd floor 1 Bedroom 1 Bathroom apartment. Private entrance. Renovated 2024-2025 throughout. Featuring an open floor plan with a spacious living room and an updated kitchen with newer shaker cabinets, stainless steel kitchen appliances, upgraded countertops newer luxury vinyl flooring throughout and a large primary bedroom with two closets. Unit has a new compact washer and dryer in the main bathroom. The full basement which is accessible by both units via exterior BILCO doors is perfect for added storage space and it houses the utilities. There is also a small patio area on the rear of the building. There are three 100amp electric panels and three electric meters, two gas meters, one new heating system Oct 2022 with two zones, one hot water heater and one fire alarm monitoring system. Both units are currently under lease agreement. Excellent investment opportunity with positive cash flow. As-Is with Buyer obtaining CO. Commercial listing NJCD2123578