158 S WHITE HORSE PIKE, Audubon, NJ 08106 – NJCD2079578

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$1,499,000

Est. payment - /mo

7,300 SqFt

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UPDATED:

11/21/2024 03:01 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,300 sqft

Price per Sqft $205

MLS Listing ID NJCD2079578

Originating Board BRIGHT

Year Built 1909

Annual Tax Amount $11,318

Tax Year 2023

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 75.00 x 197.5

Property Description

HAVE YOUR 3 APARTMENTS SUBSIDIZE YOUR MORTGAGE/SHOP/BUSINESS EXPENSES!! Owner Operator for Retail/Garage/Storage Space and large parking lot with stable residential triplex or an excellent ?Mixed Use? opportunity for an investor in a prime retail location CORNER LOT in Audubon (Camden County) with existing successful bedliner business, 7 conditioned garage bays, retail space, basement storage and multiple (triplex) residential 2-bedroom/1-bathroom rental units (currently occupied). This is a turn key property and a great opportunity for an Owner Operator who can run their business out of the retail store front, garages and parking lot and collect passive income from the existing Triplex rental units with strong rental history. Owner Operator model ideal for Auto Mechanic, HVAC/Plumbing/Electrician/Landscape Contractor/Automotive After Market/Truck Bedliner or any business with several required vehicles and field employees. With 2,400+ SF for the 3 residential units that are recently renovated and 4,900 SF of combined commercial use space between the retail store front, 7 garage bays, storage areas, bathroom and basement.
> Total Triplex potential Annual Rental Income $114,000 to $132,000. With potential Annual Net Operating Income $88,000 to $107,000
> The location is directly on the main road going through the center of Audubon with 19,242 traffic counts per day. This is an excellent location for a retail store.
> Built in the early 1900s and has gone through several renovations and upgrades in the past few decades and the property and buildings are very well maintained. Parking in front and back for 15+ outside spaces and 10+ spaces inside.
>Triplex is 2,418 SF with three residential two-bedroom and one-bathroom units with consistent rental income that is currently $54,000 annually before the next rent increase. Two upstairs kitchens, stoves, refrigerators and hardwood floors are 1-2 years old and have 2-year-old bathrooms.
> Windows 1-2 years old, CCTV Camera System, One 12000 lb 4 post drive on lift, 2 Air compressors with air dryer and auto drain, 2 pressure washers with hose reels, all lighting converted to energy saving LED, 2 LED lighting exterior sign boxes with timer
> Garage roof ages: Front garage bay roof brand new. Middle garage roof 1 year old. Over residential apartment roof units 3 years old. Rear garage bay roof 15-20 years old.
> 158 S White Horse Pike, Audubon, NJ 08106 only 20 mins from center city Philadelphia and only a few miles from Route 295 and Route 130 for easy access to the north and south and east.
> 0.34 acres zoned for Commercial/Retail and Residential (Mixed Use)
*** Seller financing optional and negotiable ***

Location

State NJ

County Camden

Area Audubon Boro (20401)

Zoning MIXED USE/COMMERCIAL

Interior

Hot Water Natural Gas

Heating Radiator, Forced Air

Cooling Window Unit(s), Programmable Thermostat, Central A/C

Flooring Concrete, Hardwood, Tile/Brick, Partially Carpeted

Inclusions CCTV Camera System, 12, 000 lb 4 post drive on lift, 2 air compressors with dryer, 2 pressure washers with hose reels, industrial shelfing, all appliances in garage bays and residential units

Heat Source Natural Gas

Exterior

Garage Spaces 20.0

Utilities Available Phone Available, Natural Gas Available, Electric Available, Cable TV Available, Water Available, Sewer Available

Waterfront N

Water Access N

View City

Roof Type Asphalt,Flat,Pitched,Rubber,Shingle

Street Surface Black Top,Paved

Accessibility >84\" Garage Door

Road Frontage Boro/Township, City/County

Total Parking Spaces 20

Garage N

Building

Lot Description Corner, Irregular, Road Frontage

Foundation Block

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Audubon Public Schools

Others

Tax ID 01-00056 02-00008

Ownership Fee Simple

SqFt Source Estimated

Security Features Carbon Monoxide Detector(s),Exterior Cameras,Surveillance Sys,Smoke Detector,Security System,Non-Monitored

Acceptable Financing Cash, Conventional, FHA, Seller Financing, VA

Listing Terms Cash, Conventional, FHA, Seller Financing, VA

Financing Cash,Conventional,FHA,Seller Financing,VA

Special Listing Condition Standard

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Listed by Thomas Marinelli • Keller Williams Realty Preferred Properties

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262