100 N Black Horse Pike Blackwood, NJ 08012

0.19 ac lot

Individually Owned 11-yr Hold Free & Clear

Property ID

US59-3156259

$435,000

100 N Black Horse Pike, Blackwood, NJ 08012
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This meticulously maintained three-story, mixed-use building at 100 N Black Horse Pike in Gloucester Township, NJ 08012, presents a unique investment opportunity. The 2,699 square foot property boasts a Class B designation and is offered at $470,000 ($174.14/sq ft). The building features a single tenancy with a gross lease type. Currently, the first floor (1,514 sq ft) houses short-term office tenants, offering immediate income potential for investors. Alternatively, this space could be vacated for owner-user occupancy. The second floor comprises a newly renovated three-bedroom, one-bathroom apartment. The property includes a parking lot accommodating 8-10 vehicles. Significant improvements have been made, including a roof replacement (most of the roof in 2018) and parking lot resurfacing (most of the lot in 2022). Built in 1900, this building sits on an 8,403 sq ft lot and offers convenient access to major roadways, including Philadelphia, Delaware, Routes 42, 295, and the New Jersey Turnpike. This turnkey property is ideal for both investors seeking a strong return and owner-users looking for a versatile commercial and residential space. The building's location on the highly trafficked Black Horse Pike ensures excellent visibility and accessibility.