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1170 N Delsea Dr
Westville, NJ 08093
18 Apt Units & 20 Commercial Units · Office Property For Sale
Investment Highlights
- Unique Opportunity; Apartments & Office: Mixed-Use Asset Featuring 18 Apartment Units and 20 Office Suites
- Residential Conversion Potential: Opportunity to Reposition Office Suites into Additional Apartment Units
- Regional Connectivity: Convenient Access to Route 47, Route 295, Route 55, and the Walt Whitman Bridge, Connecting Tenants to Philadelphia
- Value-Add Opportunity: Complete Renovation of Remaining Apartment Units to Increase Rents 25%+
- Strong Occupancy: Property is Currently and Historically has Run at 100% Occupancy
- Mixed-Use Income Diversification: Residential and Commercial Tenancy Creates Multiple Income Sources and Long-Term Investment Stability
Property Facts
Property Type
Office
Property Subtype
Office/Residential
Building Size
24,336 SF
Building Class
B
Year Built/Renovated
1950/1995
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,168 SF
Slab To Slab
10’
Building FAR
0.37
Lot Size
1.52 AC
Zoning
TRC1
Parking
93 Spaces (3.82 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 02-00451-0000-00035 | Improvements Assessment | $404,700 |
| Land Assessment | $545,300 | Total Assessment | $950,000 |
Property Taxes
Parcel Number
02-00451-0000-00035
Land Assessment
$545,300
Improvements Assessment
$404,700
Total Assessment
$950,000
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