1108 Delaware St Paulsboro, NJ 08066
- Commercial real estate
- 1,632 SF
- 0.03 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1108 Delaware St
- Year built
- 1975
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.03 lot acres
- Property size
- 1,632 SF
- Property type
- Commercial real estate
- APN
- 14 00079-0000-00003
- APU
- 1400079000000003
Description
This exceptional mixed-use property in Paulsboro, NJ, presents a compelling investment opportunity. Located at 1108 N Delaware Street, this 1,632 square foot building sits on a 0.03-acre lot and is currently listed at $249,000. The property boasts a strong approximate 13.2% cap rate, driven by its fully rented units. The first floor comprises a versatile commercial space, ideal for a variety of businesses, and a cozy one-bedroom residential unit. Upstairs, a spacious two-bedroom apartment offers additional rental income potential or comfortable living space. Each unit benefits from separate electric meters, simplifying utility management. Current rental income totals $3,400 per month, with the commercial unit generating $700, a one-bedroom apartment yielding $1,250, and a second residential unit bringing in $1,450. This unique blend of commercial and residential spaces provides flexibility for diverse investment strategies, making it perfect for owner-occupancy, or purely as an income-generating investment. The property is currently occupied, so please be mindful when scheduling viewings. This is a rare chance to acquire a high-performing multi-use property with immediate cash flow and significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Paulsboro
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.2417
- Latitude
- 39.8321
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
