Westville, NJ 08093 212 Gateway Boulevard

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Presented By: BHHS Fox & Roach-Margate
  • MLS# NJGL2053670
  • 03/10/2025
  • Request Tour
  • Request Info
  • SQFT • 5,500

Home Details

Attention Investors and Business Owners!!! Dont 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 wont want to missschedule your showing today!
Presented By: BHHS Fox & Roach-Margate

Interior Features for 212 Gateway Boulevard

Bathrooms

Total Restrooms2

Other Interior Features

Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas

General for 212 Gateway Boulevard

Acceptable FinancingCash, Conventional, FHA
Accessibility2+ Access Exits
Association Recreation FeeN
Business TypeProfessional
Cap Rate7.10
CityWESTVILLE
Construction MaterialsOther
Cool FuelElectric
CoolingCentral A/C
CountyGLOUCESTER
DirectionsTurn left onto River Drive, then make a slight left onto Gateway Blvd.
DisclosuresAgent Related to Owner
ExclusionsPersonal Property
Gross Income73500.00
HeatingBaseboard - Electric
Historic Y/NNo
Lease Considered Y/NYes
Lot Size Square Feet9714.00
Lot Size UnitsSquare Feet
MLS AreaWestville Boro (20821)
ModificationTimestamp2025-03-18T18:42:04
MunicipalityWESTVILLE BORO
Net Operating Income46159.00
New ConstructionNo
Number Of Units Total0
OwnerPaysCommon Area Maintenance
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG117.84
Property ConditionExcellent
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount13297.0
Tax Assessed Value244400.0
Tax Lot00004
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1928
Year Built SourceAssessor
ZoningCOMMERICAL

Exterior for 212 Gateway Boulevard

Building Area Total5516.00
Car Parking Spaces15
Land Assessed Value57500.00
Land Use Code
Lot Dimensions0.00 x 0.00
Lot FeaturesNot In Development
Lot Size Acres0.22
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesPaved Parking
Total Loading Docks0
Total Parking Spaces15
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $650,000
MLS#NJGL2053670
List Date 03/10/2025
Property Type Commercial
Phone 703.929.4729
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