$ 369,999
-
$369,999
Price -
0
Bed -
0
Bath -
2,564
SqFt
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About the Listing CBPREHAD - 3335089
OUTSTANDING VALUE-ADD OPPORTUNITY WITH EXTENSIVE UPSIDE POTENTIAL! Welcome to 320 White Horse Pike, a fully vacant and highly adaptable triplex with mixed-use zoning and multiple paths for expansion. With three existing units, strong rental demand, and significant configuration flexibility, this property is ideal for investors, developers, or owner-operators seeking a versatile asset on a major thoroughfare. **Current Configuration and Expansion Options **Front Downstairs Unit – 3 Bedrooms / 2 Bathrooms Formerly a deli and zoned for mixed-use commercial, this space can be re-zoned for a residential unit or be converted to office or retail use. Ideal for professional services, boutique retail, personal care, or similar commercial applications (buyer to confirm permitted use). **Second Downstairs Unit – 3 Bedrooms / 1 Bathroom Offers substantial expansion potential. Options include: - Adding an additional bedroom and bathroom to create a 4-bedroom/2-bath unit - Converting the additional space into flex living or workspace - Reconfiguring into a fourth rental unit to increase total density and rent roll **Upstairs Unit – 1 Bedroom / 1 Bathroom Includes access to an unfinished attic, which may be finished for added living area, creating further income or value potential. *Combined, these layouts offer multiple long-term strategies including: - Full residential rental property - Mixed-use commercial and residential - A potential four-unit investment property - Owner-occupied business with income-producing units *Income and Market Positioning: Estimated residential rental income is approximately $5,000 per month in its current format, with the ability to increase revenue through reconfiguration, additional units, or commercial use. This property is priced competitively at $369,999, making it an exceptional entry for investors seeking immediate upside. *Location Benefits Located directly on the White Horse Pike, this property offers: - High visibility and drive-by traffic - Immediate access to public transportation - Convenient commuter routes in all directions - Ample paved parking suitable for residential, commercial, or mixed-use operations *320 White Horse Pike provides substantial flexibility, strong rental projections, and multiple strategies for value creation. An excellent opportunity for investors or buyers ready to maximize the potential of a well-located mixed-use asset.
Listing Highlights
Status
Active
Days on Site
104
Property Type
Commercial Sale
MLS ®
NJCD2101476
Year Built
2003
Total Square Footage
2,564
Lot/Acreage
0.17
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor: Tile/Brick,Wood,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Private
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 6
- Lot Dimensions: 50.00 x 150.00
- Zoning: COMM
- Roof: Shingle,Flat
- Others:
- Sewer: Public Sewer
- Parking Features: Paved Parking,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $5,008
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Questions About..
320 White Horse Pike Waterford Works, NJ 08089
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