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604 White Horse Pike 2,700 SF Retail Building Oaklyn, NJ 08107 $710,149 CAD ($263.02 CAD/SF) 6.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Unique addition to any portfolio
- Business negotiable with the sale
- Location, location, location
EXECUTIVE SUMMARY
PRIME INVESTMENT OPPORTUNITY - YOU WON'T WANT TO MISS THIS!!! Ideally located in the bustling business section of Oaklyn, the property features HUGE commercial space on the first floor, residential apartment for the second floor and a detached garage in the rear. Commercial space offers two units with an open floor plan. Entire first floor is currently being utilized by the owner as a PC Medics computer repair - the business can be included in the sale! Sprawling space also includes two full bathrooms and a kitchen. Tenant pays electric & sewer. Plenty of off-street parking in front of the store with a large parking lot. Spacious basement with plenty of room for additional storage through bilco doors. Second floor features a charming 3BD/2BTH residential apartment currently rented through Dec 2025 for $1,660/mo. Tenant is responsible for electric & gas. Generously sized living space with beautiful bay windows. Two bedrooms downstairs, one with access to a private balcony! Full-bathroom & laundry on the first floor as well. Enormous loft-style master bedroom upstairs with more than enough room for a king-sized bed, full furniture set, sitting area, and walk in closet. Private en-suite bathroom with custom tile work, luxuriously deep soaking tub & contemporary vanity. Residential unit also includes a brand new HVAC unit. Private parking is available out back. Detached two-car garage situated in the rear, currently rented by a separate tenant for $475/mo & used as storage. This one-of-a-kind addition to any portfolio is located just minutes from numerous local shops, restaurants & parks. It is also less than a ten minute drive from the Walt Whitman Bridge with convenient access to Philadelphia. The possibilities for this property are truly limitless - reach out to us to schedule a showing!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$73,635
|
$27.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,682
|
$1.36
|
| Effective Gross Income |
$69,953
|
$25.91
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$26,598
|
$9.85
|
| Net Operating Income |
$43,355
|
$16.06
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $73,635 |
| Annual Per SF | $27.27 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,682 |
| Annual Per SF | $1.36 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $69,953 |
| Annual Per SF | $25.91 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $26,598 |
| Annual Per SF | $9.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $43,355 |
| Annual Per SF | $16.06 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,700 SF
Building Class
C
Year Built
1910
Price
$710,149 CAD
Price Per SF
$263.02 CAD
Cap Rate
6.11%
NOI
$43,355 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.17 AC
Zoning
Commercial
Frontage
50’ on White Horse Pike
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26-00053-0000-00002 | Improvements Assessment | $285,404 CAD |
| Land Assessment | $95,182 CAD | Total Assessment | $380,586 CAD |
PROPERTY TAXES
Parcel Number
26-00053-0000-00002
Land Assessment
$95,182 CAD
Improvements Assessment
$285,404 CAD
Total Assessment
$380,586 CAD
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