Retail Storefront with Dual
For Sale
$645,000
1115 N Black Horse Pike, Glendora, NJ 08029
Former convenience-store building with roadside signage, parking, and a deed restriction excluding convenience-store use.
Property Size3,300 SF
Price / SF$195.45
Days on Market86
Property Features for 1115 N Black Horse Pike
General Information
Standard status
Active
Size
3,300 SF
Total Parking Spaces
20
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1978
Listing Agency:
Keller Williams Realty
Listed By:
Andrew F Cheng · License #RS3263312
(267) 506-7100
Source:
Elkaimpropertygroup
Added: Jul 20
Changed: Oct 11
Last Checked: Oct 11 at 11:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This retail storefront, constructed in 1978, was formerly occupied by Wawa and offers an existing commercial building for reuse. The property is positioned for potential retail, medical, restaurant, pizza shop, mobile phone store, or other retail applications, subject to applicable requirements and the recorded deed restriction.
Signage is available along Black Horse Pike, with access from both Black Horse Pike and Old Black Horse Pike. The property sits just off Rt 42 at the meeting point of the two Black Horse Pike roadways and includes a 20+/- parking lot. Convenience-store use is specifically prohibited by deed restriction.
Signage is available along Black Horse Pike, with access from both Black Horse Pike and Old Black Horse Pike. The property sits just off Rt 42 at the meeting point of the two Black Horse Pike roadways and includes a 20+/- parking lot. Convenience-store use is specifically prohibited by deed restriction.
Key Highlights
- Former Wawa storefront constructed in 1978
- Located on busy Black Horse Pike, just off Rt 42
- Access from both Black Horse Pike and Old Black Horse Pike
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,774
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,480
$635.5K
Cap Rate 7%
$453,914
$453.9K
Cap Rate 9%
$353,044
$353.0K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$49.5K $15.00/SF
− Vacancy
−$4.1K −$1.25/SF
EGI
$45.4K $13.76/SF
− OpEx
−$13.6K −$4.13/SF
NOI
$31.8K $9.63/SF
Area
Camden County, NJ
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,480
Cap Rate 7%
$453,914
Cap Rate 9%
$353,044
Alternative Uses
Best Use
Retail
$453.9K
$397.2K – $529.6K
NOI $31,774 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$836.7K
$732.1K – $976.2K
NOI $58,571 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 28%
American Heritage Credit Union
Shops & Services
8,718 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,088 visits/mo
0.4 miles
Dollar General
Shops & Services
5,525 visits/mo
0.1 miles
PNC Bank
Shops & Services
5,439 visits/mo
0.1 miles
Wells Fargo
Shops & Services
4,003 visits/mo
0.3 miles
Demographics for 08029, NJ
4,900
Population
2,217
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
94%
High-School Grad
1.1 sq mi
ZIP Area
4,455
Density / Sq Mi
$95,038
Median Household Income
$50,658
Median Earnings
$782
Median Rent
$220,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Aversa's Flower Shop Inc — 812 N Black Horse Pike, Glendora, NJ 08029
Frequently Asked Questions
What type of property is this?
Storefront property - Former convenience-store building with roadside signage, parking, and a deed restriction excluding convenience-store use.
Where is this storefront property located?
The property is located at 1115 N Black Horse Pike Glendora, NJ.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Former Wawa storefront constructed in 1978; Located on busy Black Horse Pike, just off Rt 42; Access from both Black Horse Pike and Old Black Horse Pike
