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500 PAUL Street, GLOUCESTER CITY, NJ
Turnkey Mixed-Use Building at 500 Paul St - Renovated & Ready in the Heart of Gloucester City! Welcome to 500 Paul St - a beautifully renovated mixed-use building just steps off Broadway and right next to the vibrant new Irishtown mural! Packed with character, history, and income potential, this versatile property is perfect for investors or owner-occupants looking to live, work, and thrive in one of South Jersey's most exciting up-and-coming areas. The first-floor commercial space was most recently a trendy coffee shop and offers a wide-open layout filled with charm and flexibility. With two bathrooms (including one ADA compliant), a two-bay garage, and tons of natural light, this space is ideal for a cafe, retail shop, office, studio, maker space-you name it! The possibilities are endless. Upstairs, the spacious 2-bedroom apartment has been fully updated with modern finishes, including luxury plank flooring, custom cabinetry, and gorgeous Quartz countertops that are naturally antimicrobial. Add in the tankless hot water heater, oversized bedrooms, and a private roof deck, and you've got a rental unit that's as desirable as it is functional. Currently rented for $1,730/month to a reliable tenant. The previous tenant of the commercial space paid $1,800/month, giving this property a total rent potential of $3,530/month! And let's not forget the local legend-this building was once home to Orlando's, the beloved eatery credited with bringing buffalo wings to the region. A little piece of Gloucester City history, now ready for its next chapter. Highlights include: Fully renovated mixed-use property Flexible commercial space with 2 bathrooms and garage Updated 2BR apartment with luxury finishes and roof deck High income potential - the numbers work! Just steps from Broadway and local hotspots Ideal for investors or live/work owners Opportunities like this don't come around often. Make your move on 500 Paul St today-schedule your showing before it's gone! - *At least one member of the selling/renting entity is a licensed NJ and PA real estate salesperson.
Property Details
| Property Type | Other |
|---|---|
| Mls # | NJCD2098180 |
| LotSize | 0.04 acres |
| Property Subtype | Other |
| Year Built | 1900 |
| Cooling Systems | central air |
| Exterior Types | brick |
| Heating Fuels | forced air |
|---|---|
| Parking Types | on street |
| Num Of Floors | 0 |
| School District | GLOUCESTER CITY SCHOOLS |
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Rich was the best ever agent, but I sense the office works as a team. You couldn't ask for better service or support in terms of real estate knowledge.
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I'd like to highly recommend and thank Brandon Spinner and the Property Exchange Group for all their help with the sale of my 2 rental properties. Brandon guided and advised me through the...
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04/08/2021 - James Stott
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