Gloucester City, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Gloucester City, New Jersey Market population: 11K. Explore income-producing properties with verified cap rates...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Gloucester City NJ Properties: 4.3450%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Gloucester City NJ
Common questions from investors exploring commercial real estate in Gloucester City NJ.
What's the overall investment potential of Gloucester City, NJ?
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With a median household income of $49,428 and a poverty rate of 12.4%, Gloucester City presents a mixed bag for investors, but its high health insurance coverage of 90% and relatively low average commute time of 24 minutes suggest a stable workforce and decent quality of life, making it an attractive option for those looking to balance risk and potential returns.
How does the local economy impact real estate investment in Gloucester City?
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The city's top industries, including Public Administration, Information, and Health Care & Social Assistance, contribute to a diverse economic base, while the foreign-born rate of 4.8% and ethnic diversity, with 42.2% White and 7.5% Hispanic populations, indicate a potentially vibrant and inclusive community, which can support demand for housing and rentals, especially considering the median property value of $147,500 and median property taxes of $2,888.
What are the key factors to consider for rental property investments in Gloucester City?
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The combination of a 12.4% poverty rate and 90% health insurance coverage suggests a working-class market with employment stability, and when paired with the average commute time of 24 minutes and the prevalence of public transit, it indicates solid infrastructure for renters, making rental properties a viable investment option, particularly given the city's homeownership rate of 64.2% and the potential for rental yield.
How does the demographic profile of Gloucester City influence its real estate market?
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The median age of 35.7 and the diverse ethnic makeup, including significant White and Hispanic populations, point to a community with a broad range of needs and preferences, which can drive demand for different types of housing, from family homes to apartments, and with an employed population of 5,076 and a GINI coefficient of 0.42, there's an indication of economic activity that can support housing demand and potentially influence property appreciation.
What role does quality of life play in the attractiveness of Gloucester City for real estate investors?
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The city's average commute time of 24 minutes, the use of public transit, and the high health insurance coverage rate of 90% all contribute to a decent quality of life, which is crucial for attracting and retaining residents, and when considered alongside the median property value of $147,500 and the top industries driving local employment, it suggests that Gloucester City can offer a balanced investment proposition that weighs potential returns against the factors that contribute to a stable and desirable place to live.
Gloucester City NJ Real Estate & City Facts
Key facts and real estate information about Gloucester City NJ.
What are some of the best neighborhoods to live in Gloucester City?
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Some of the best neighborhoods to live in Gloucester City include Gloucester City West, which is a peaceful and family-friendly area with easy freeway access. Other neighborhoods like Richwood, Turnersville, and Mullica Hill are also popular for their affordability and amenities. However, it's worth noting that the most desired areas tend to be in the southeast parts of the city, while more affordable homes are in the northeast regions.
What are some fun things to do in Gloucester City?
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There are plenty of fun things to do in Gloucester City, such as visiting Timber Creek Park, which has an enclosed area for dogs to run off-leash. You can also explore the Masonic Temple in Philadelphia, or check out the Philadelphia Museum of Art. For outdoor activities, the Tall Pines State Preserve is great for birdwatching and light hiking. Additionally, you can take a Philly Brew Tour or go sailing with Phila Sail.
What is the food scene like in Gloucester City?
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The food scene in Gloucester City is diverse and delicious, with popular restaurants like Max's Seafood Cafe, Chubby's 1 1/2, and Vitale's Italian Bistro. You can also find great diners like Eagle Diner & Bakery, which serves delicious food and desserts. There are also plenty of great food trucks and cafes in the area, offering a range of cuisines to suit every taste.
What are the pros and cons of living in Gloucester City?
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The pros of living in Gloucester City include its peaceful and family-friendly neighborhoods, easy freeway access, and a range of outdoor activities and attractions. However, some cons include the fact that the city can be quite crowded, and traffic can be a issue at times. Additionally, some areas of the city may have higher crime rates or less affordable housing options. Overall, it's a great place to live for those who value a strong sense of community and a range of amenities.
Is Gloucester City a good place to live?
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Gloucester City can be a great place to live, depending on your individual preferences and priorities. It offers a range of amenities, including outdoor activities, cultural attractions, and a diverse food scene. However, it's worth considering the potential downsides, such as crowds and traffic. Ultimately, whether or not Gloucester City is a good place to live will depend on your personal lifestyle and what you're looking for in a community. It's worth doing your research and visiting the area to get a sense of whether it's the right fit for you.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Gloucester City NJ Commercial Property: $49,428
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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