216 White Horse PikeClementon, NJ 08021

Property Details for 216 White Horse Pike

Lot size

0.25 AC

Property type

Commercial real estate

APN

11 00075-0000-00022

APU

1100075000000022

Description

This exceptional mixed-use property, located at 216 White Horse Pike in Clementon, NJ 08021, presents a unique investment opportunity. The 5,200 square foot building, constructed in 1960 and completely renovated in 2024, boasts a versatile layout ideal for a variety of commercial and residential uses. Currently configured with a fully renovated three-bedroom apartment and attached commercial/office space, the property offers significant rental income potential. The 3,800 square foot commercial space is available for lease. The building sits on a 0.26-acre lot and features eight parking spaces, a significant advantage given its Highway Commercial (HC) zoning. This zoning allows for a wide range of business types to thrive, capitalizing on the high volume of vehicular and pedestrian traffic on White Horse Pike. The property's prime location provides excellent visibility and convenient access to major highways, shopping centers, and local amenities. This two-story building offers a blend of residential and commercial space, making it an attractive option for both investors and business owners. The combination of a strong location, recent renovations, and flexible zoning makes this a rare opportunity in Southern New Jersey's thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,959,900

  6.5%

  $3,655,290

  7%

  $3,394,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,417,140

  Geo Method

  $1,417,140

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,155,060

  Retail / Commercial

  $3,677,180

  Mixed-Use / Specialty

  $3,670,450

  Hospitality / Lodging

  $2,701,200

  Office

  $3,655,290

  Institutional / Educational

  $3,818,070

  Residential Income

  $4,467,140

  Multifamily

  $5,322,270

  Automotive / Energy

  $3,272,630

  Parking / Income-Based Land

  $1,123,040

  Restaurant / Food Service

  $1,922,650

  Healthcare / Senior Housing

  $3,757,430

Location Insight

City

Clementon

County

Camden

State

New Jersey

Latitude

39.8085

Longitude

-74.9772

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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