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Westville,NJ 08093
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,516 sqft
Price per Sqft $117
MLS Listing ID NJGL2053670
Originating Board BRIGHT
Year Built 1928
Annual Tax Amount $13,297
Tax Year 2024
Lot Size 9,714 Sqft
Acres 0.22
Lot Dimensions 0.00 x 0.00
Property Sub-Type Mixed Use
Property Description
Attention Investors and Business Owners!!! Don't miss out on this incredible opportunity in Westville, NJ. This mixed-use property offers a fantastic chance to offset your mortgage with passive income while also providing versatile business space (3,200+/- sq. ft of office space). The property features three fully rented residential units, each with great tenants, providing immediate rental income. $50,000 annual gross income from the apartments alone. Use the downstairs for personal business use or rent it out!
This property offers excellent access to key highways like Routes 130, 295, 76, 676, and 42, along with quick connections to the Walt Whitman, Ben Franklin, and Commodore Barry Bridges. It is conveniently located just 10 miles from Philadelphia and around 30 miles from Wilmington, DE, this location offers easy access to both major cities.
The commercial space offers flexibility, with the current owner willing to lease back a portion of the commercial space, or the new owner can take full advantage of the entire space for their own business needs. With a potential cap rate of over 12%, this property presents a great investment opportunity.
This is a rare opportunity that you won't want to miss—schedule your showing today!
Location
State NJ
County Gloucester
Area Westville Boro (20821)
Zoning COMMERICAL
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 15.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 15
Garage N
Building
Lot Description Not In Development
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Westville Public Schools
Others
Tax ID 21-00024-00004
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard