Long-Standing Restaurant on Major
15 E BLACK HORSE PIKE Williamstown, NJ 08094
For Sale
$450,000
Restaurant property on E Black Horse Pike with over 30 years of continuous operation and existing infrastructure for continued use.
Property Size1,904 SF
Price / SF$236.34
Days on Market120
Property Features for 15 E BLACK HORSE PIKE
General Information
- Standard status
- Active
- Size
- 1,904 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing Agency:
Princeton
(646) 508-8121
Listed By:
Coldwell Banker Residential Brokerage
(646) 508-8121
Source:
Xome
Added: Mar 27
Changed: Jul 24
Last Checked: Jul 24 at 6:24AM
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 Princeton
Investment Insights
Based on property information with market context.
This for-sale restaurant location has been successfully operated for over 30 years and is currently supported by existing structure and infrastructure designed for restaurant use. The property is positioned for continued operation or updates to fit a new concept, with the benefit of ongoing performance as described in the public remarks.
Located at 15 E Black Horse Pike in Williamstown, NJ, the site sits along a highly visible, high-traffic commercial corridor, supporting consistent exposure to passing traffic. The offering is presented with the instruction that staff should not be approached or business operations disturbed; all showings must be scheduled through the listing agent.
The property tax component is also noted as low in the remarks, which may be relevant for buyers evaluating operating costs and total ownership expense.
Located at 15 E Black Horse Pike in Williamstown, NJ, the site sits along a highly visible, high-traffic commercial corridor, supporting consistent exposure to passing traffic. The offering is presented with the instruction that staff should not be approached or business operations disturbed; all showings must be scheduled through the listing agent.
The property tax component is also noted as low in the remarks, which may be relevant for buyers evaluating operating costs and total ownership expense.
Key Highlights
- Restaurant property on E Black Horse Pike with over 30 years of continuous operation.
- Existing structure supports ongoing restaurant use, with infrastructure in place for continued operation or customization.
- High‑traffic corridor location along Black Horse Pike.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.1k | $21.60 |
| − Vacancy | −$2.3k | −$1.21 |
| EGI | $38.8k | $20.39 |
| − OpEx | −$9.7k | −$5.10 |
| NOI | $29.1k | $15.29 |
1,904 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$416.0K
$364.0K – $485.3K
NOI $29,117 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.2K
$435.0K – $580.0K
NOI $34,802 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Restaurant property on E Black Horse Pike with over 30 years of continuous operation and existing infrastructure for continued use.
Where is this conventional restaurant located?
The property is located at 15 E BLACK HORSE PIKE Williamstown, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Restaurant property on E Black Horse Pike with over 30 years of continuous operation.; Existing structure supports ongoing restaurant use, with infrastructure in place for continued operation or customization.; High‑traffic corridor location along Black Horse Pike.
