Property profile

24 White Horse Pike Somerdale, NJ 08083

OFF-MARKET
Mixed-use properties
1,200 SF 0.46 ac lot Built 1947
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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

Current use

Occupant on record · Public records
  • Accounting Firm Tax Preparation

Location

24 White Horse Pike Somerdale, NJ 08083
Somerdale metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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