Long-Standing Restaurant on Major
For Sale
$330,000
15 E Black Horse Pike, Williamstown, NJ 08094
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$173.32
Days on Market94
Property Features for 15 E Black Horse Pike
General Information
Standard status
Active
Size
1,904 SF
Building Details
Year Built
1965
Listing Agency:
Coldwell Banker Realty
Listed By:
Chun Liu · License #2443037
(646) 508-8121
Source:
Soldbypattie
Added: Jul 23
Changed: Oct 8
Last Checked: Oct 7 at 3:27PM
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 Coldwell Banker Realty
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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
Estimated NOI and Cap Rate
NOI / Yr
$24,393
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,860
$487.9K
Cap Rate 7%
$348,471
$348.5K
Cap Rate 9%
$271,033
$271.0K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$34.3K $18.00/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$32.5K $17.08/SF
− OpEx
−$8.1K −$4.27/SF
NOI
$24.4K $12.81/SF
Area
Gloucester County, NJ
Vacancy
5.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,860
Cap Rate 7%
$348,471
Cap Rate 9%
$271,033
Alternative Uses
Best Use
Specialty Retail
$348.5K
$304.9K – $406.6K
NOI $24,393 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$640.0K
$560.0K – $746.7K
NOI $44,801 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 08094, NJ
40,774
Population
15,878
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
54.8 sq mi
ZIP Area
744
Density / Sq Mi
$92,125
Median Household Income
$52,681
Median Earnings
$1,420
Median Rent
$260,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
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 $330,000.
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.
