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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!
| DAYS ON MARKET | 1 | LAST UPDATED | 3/10/2025 |
|---|---|---|---|
| YEAR BUILT | 1928 | COMMUNITY | Westville Boro (20821) |
| COUNTY | GLOUCESTER | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | WESTVILLE PUBLIC SCHOOLS |
|---|
| PRICE HISTORY | |
| Prior to Mar 10, '25 | $649,999 |
|---|---|
| Mar 10, '25 - Today | $650,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Westville Boro (20821) |
| CONSTRUCTION | Other |
| HEAT | Baseboard, Electric |
| LOT | 9583 sq ft |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Paved, Parking Lot |
| SEWER | Public Sewer |
| TAXES | 13297 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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