500 PAUL STREET 
GLOUCESTER CITY, NJ

$325,000

Under Contract

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The Property Exchange Group
Residential - Commercial - Investment
ProEdge
  • Phone: 856-418-7852
  • Office: (855) 450-0442
  • Licensed In: NJ & PA
  • License #: 1647459, RS365743

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 Jerseys 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 caf, retail shop, office, studio, maker spaceyou 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 youve got a rental unit thats 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 lets not forget the local legendthis building was once home to Orlandos, 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 dont come around often. Make your move on 500 Paul St todayschedule your showing before its gone! - *At least one member of the selling/renting entity is a licensed NJ and PA real estate salesperson.

Property Details
Property Type Residential Multi Family
Mls # NJCD2097980
LotSize 0.04 acres
Property Subtype Other
Year Built 1900
Cooling Systems central air
Exterior Types brick
Heating Fuels forced air
Num Of Floors 0
Appliances Dishwasher, Dryer, Range, Range - Gas, Washer, Washer/Dryer Combo
School District GLOUCESTER CITY SCHOOLS

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Reviews

Google review

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.

05/02/2023 - Edith Ferris
Google review

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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09/13/2022 - Cynthia Stewart
Google review

We had a great experience responsive to all our questions. Very knowledgeable to his job requirements . Highly professional. We would definitely recommend to our family and friends. Thank you to...
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09/08/2022 - Marilyn Jezierski
Google review

Great service well informed very patient highly recommended

02/01/2022 - Minister Keith bussey
Google review

I highly recommend The Property Exchange Group as the place to call to help establish and grow your real estate portfolio. Investing in real estate has been the best decision of my life, and Brandon...
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04/08/2021 - James Stott

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