Property profile

357 White Horse Pike Hammonton, NJ 08037

OFF-MARKET
Commercial real estate
Property ID
US59-1436249
2,050 SF 1.74 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property presents a unique investment opportunity in Hammonton, New Jersey. The main building, a former veterinary office, offers 2,050 square feet of well-maintained space, ideal for a variety of medical or professional uses. Classified as a Class B office building, it sits on a substantial 1.74-acre lot, providing ample parking and excellent visibility. The property boasts over 230 feet of frontage on the highly trafficked White Horse Pike, ensuring significant exposure to potential clients. A secondary building, approximately 500 square feet, previously used as a dog grooming facility, offers additional potential for expansion or rental income. The property is zoned HB and is conveniently located near Gino Pinto Plaza, anchored by established medical tenants such as Corda Pain Management and Orozco Orthopedic. The asking price is $364,900, translating to $178 per square foot. The property is available for occupancy on August 6th, 2024. This single-story building presents a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential in a thriving area. The ample parking and high visibility make this an attractive option for owner-users or investors seeking a strong return.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 2,050 SF
Lot 1.74 ac (75,905 SF)
APN 13 03901-0000-00022
UPID US59-1436249

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

357 White Horse Pike Hammonton, NJ 08037-1160
Hammonton metro Census 10900 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2021
Last sale
$190,000
5 recorded transactions
2021
$300,000
2013
Price N/A
1995
$295,000
1969
Price N/A
1969
Price N/A

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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