18 Apt Units & 20 Commercial Units 1170 N Delsea Dr Bureau 2 261 m² 100 % Loué À vendre Westville, NJ 08093 2 502 323 € (1 106,79 €/m²)

1170 Delsea Drive is a mixed-use asset located in Westville, Gloucester County, New Jersey. The Property consists of 18 apartment units and 20 office suites, offering investors a diversified income stream supported by both residential and commercial tenancy. The Property benefits from excellent visibility and accessibility along Delsea Drive (Route 47) - a primary commercial corridor providing convenient connectivity to parts of Philadelphia, Deptford, and surrounding South Jersey communities.
• Residential Component
The building features 18 apartment units with a mix of (4) studios, (13) one-bedroom units, and (1) two-bedroom unit. The apartments are currently, and historically have been, 100% occupied, with average in-place rents of ~$1,370 per unit, demonstrating strong tenant demand within the submarket. Based on the Market Rent Survey (see pages 20-21), there is formidable upside potential for a new buyer.
The Property has undergone significant interior improvements, with approximately 16 of the units renovated to include granite countertops, stainless steel appliances, and updated flooring. Currently, 9 units have in-unit washers and dryers installed. Several additional units have been partially renovated, providing further value-add potential for new ownership. Currently, the renovated units achieve 25%+ higher rental income compared to unrenovated units. Residents pay for heat, hot water, and electricity, and the Property operates 100% on electricity. Each apartment unit is equipped with an individual 30-gallon hot water heater.
• Commercial Component
The commercial portion of the building consists of 20 office suites, providing additional income diversification for ownership. Investors are presented with a compelling value-add opportunity through operational improvements and repositioning of select office suites, significantly increasing the rental income at the property. Office tenants have utilities included in their rent.
Global Real Estate Advisors (GREA) exclusively presents the opportunity to acquire the fee simple interest in 1170 Delsea Drive, a mixed-use asset located in Westville, Gloucester County, New Jersey. The Property consists of 18 apartment units and 20 office suites, offering investors a diversified income stream supported by both residential and commercial tenancy. The Property benefits from excellent visibility and accessibility along Delsea Drive (Route 47) - a primary commercial corridor providing convenient connectivity to parts of Philadelphia, Deptford, and surrounding South Jersey communities.
• Office to Residential Conversion Potential
Current ownership has assessed the feasibility of converting a portion of the office suites into residential units, which could enhance value by increasing apartment inventory and rental revenue. A local general contractor has prepared preliminary plans and cost estimates; interested parties may contact the listing agent for further information. Any such conversion would require the new owner to complete the municipal approval process after the sale. Contact agent for more details.

Located just minutes from Route 295, Route 55, and the Walt Whitman Bridge, the Property offers convenient regional access to Center City Philadelphia, Cherry Hill, and the greater South Jersey employment corridor. The surrounding area features a mix of retail, restaurants, and neighborhood services, supporting strong residential demand and long-term tenant stability.
1170 Delsea Drive in Westville, New Jersey, presents investors with the opportunity to acquire a well-located mixed-use asset with stable residential occupancy, diversified income streams, and clear value-add potential through renovating the remaining apartments and repositioning select office suites.