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245 S Black Horse Pike
Mount Ephraim, NJ 08059
Retail Property For Sale

Investment Highlights

  • Fully leased mixed-use building with retail and residential components.
  • Residential unit leased on an annual basis for continued occupancy stability.
  • Convenient access to I-295, Route 30, and the New Jersey Turnpike for regional connectivity.
  • Dance studio tenant has seven years remaining on a ten-year lease term.
  • Located on Black Horse Pike with traffic counts of approximately 22,000 vehicles per day.
  • Positioned in a visible, high-traffic commercial corridor supporting strong tenant performance.

Executive Summary

This fully leased mixed-use property at 245 S. Black Horse Pike in Mt. Ephraim, NJ, presents a strong income-producing investment opportunity. The building spans approximately 8,192 square feet and features a successful dance studio occupying the first-floor retail space, complemented by a residential apartment on the second floor. The dance studio tenant is secured under a long-term lease with seven years remaining on a ten-year term, while the residential unit is leased on an annual basis, providing stable and predictable cash flow.
The property benefits from its strategic location along heavily traveled Black Horse Pike, which sees approximately 22,000 vehicles per day. This high-visibility corridor offers excellent exposure for the retail tenant and ensures consistent traffic. Additionally, the site provides convenient access to major transportation routes, including I-295, Route 30, and the New Jersey Turnpike, enhancing connectivity to regional markets.
With its combination of a reliable tenant mix, long-term lease security, and a location in a well-trafficked commercial corridor, this asset offers investors a compelling opportunity for steady income and long-term value appreciation.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,192 SF
Building Class
C
Year Built
1955
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.18
Lot Size
0.16 AC
Zoning
N/A, Mt Ephraim Boro
Parking
25 Spaces (7.52 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage

Property Taxes

Property Taxes

Parcel Number
25-00116-0000-00007-07
Land Assessment
$164,208 CAD
Improvements Assessment
$373,039 CAD
Total Assessment
$537,247 CAD
  • Listing ID: 39793183

  • Date on Market: 2026-03-16

  • Last Updated:

  • Address: 245 S Black Horse Pike, Mount Ephraim, NJ 08059

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