249 White Horse PikeLawnside, NJ 08045

Property Details for 249 White Horse Pike

Construction

BRICK

Lot size

0.84 AC

Property type

Commercial real estate

APN

21 01201-0000-00001- 01

APU

210120100000000101

Description

This exceptional 1.5-acre retail property, located at 249 White Horse Pike in Lawnside, New Jersey, presents a unique investment opportunity. The expansive lot offers significant potential for a variety of retail developments, catering to the needs of the local community and beyond. Its strategic location on White Horse Pike ensures high visibility and accessibility, attracting a substantial customer base. The property's size allows for ample space for building construction, parking, and potential future expansion. The absence of existing structures provides a blank canvas for a custom-designed retail space tailored to specific business needs and preferences. This presents a rare chance to create a thriving retail establishment in a desirable location. The property's zoning regulations should be independently verified to ensure compliance with any intended development plans. Given the size and location, this property is well-suited for a variety of retail concepts, from smaller boutique shops to larger-scale retail operations. The potential for significant return on investment is substantial, making this an attractive proposition for discerning investors seeking a prime retail location in a growing market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further due diligence is recommended to fully assess the property's suitability for specific development plans. The property is offered at a price to be determined.

• CAP approach

  CAP return

  Valuation

  6%

  $13,318,900

  6.5%

  $12,294,400

  7%

  $11,416,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,766,480

  Geo Method

  $4,766,480

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $24,065,700

  Retail / Commercial

  $12,368,000

  Mixed-Use / Specialty

  $12,345,400

  Hospitality / Lodging

  $9,085,350

  Office

  $12,294,400

  Institutional / Educational

  $12,841,900

  Residential Income

  $15,025,000

  Multifamily

  $17,901,200

  Automotive / Energy

  $11,007,300

  Parking / Income-Based Land

  $3,777,290

  Restaurant / Food Service

  $6,466,730

  Healthcare / Senior Housing

  $12,637,900

Location Insight

City

Lawnside

County

Camden

State

New Jersey

Latitude

39.8699

Longitude

-75.0422

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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