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    Mixed-use properties

    24 White Horse Pike, Somerdale, NJ 08083

    1,200 SF 0.46 ac lot Built 1947
    Property ID
    Property summary
    AI-generated overview

    This 1,200 square foot mixed-use property, situated on a 0.46-acre lot at 24 N White Horse Pike in Somerdale, New Jersey, presents a unique investment opportunity. The building offers a blend of residential and commercial space, ideal for owner-occupancy or separate leasing. The commercial area boasts multiple offices and a waiting area, perfect for a variety of businesses. The residential portion retains old-world charm and requires some updating. The property benefits from ample parking, a significant advantage given its location on the heavily trafficked White Horse Pike, ensuring high visibility and accessibility. This prime location offers excellent exposure for any business. Potential uses are diverse, but prospective buyers should independently verify permitted business uses with the Borough of Somerdale. The property's combination of residential comfort and commercial viability makes it an attractive proposition for entrepreneurs and investors seeking a versatile and well-situated asset. The substantial parking area further enhances its appeal. This is a chance to acquire a property with significant potential in a desirable location. The asking price is $269,900.

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 1947
    Total area 1,200 SF
    Lot 0.46 ac (20,038 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • BJ Harrison & Company, LLC CPA Accounting Firm Tax Preparation
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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