320 White Horse Pike, Waterford Works, NJ 08089

Property Description

AS IS/WHERE IS - Welcome to 320 White Horse Pike, a fully vacant and highly adaptable triplex with mixed-use zoning and multiple paths for expansion. With three existing units, strong rental demand, and significant configuration flexibility, this property is ideal for investors, developers, or owner-operators seeking a versatile asset on a major thoroughfare. **Current Configuration and Expansion Options **Front Downstairs Unit – 3 Bedrooms / 2 Bathrooms Formerly a deli and zoned for mixed-use commercial, this space can be re-zoned for a residential unit or be converted to office or retail use. Ideal for professional services, boutique retail, personal care, or similar commercial applications (buyer to confirm permitted use). **Second Downstairs Unit – 3 Bedrooms / 1 Bathroom Offers substantial expansion potential. Options include: - Adding an additional bedroom and bathroom to create a 4-bedroom/2-bath unit - Converting the additional space into flex living or workspace - Reconfiguring into a fourth rental unit to increase total density and rent roll **Upstairs Unit – 1 Bedroom / 1 Bathroom Includes access to an unfinished attic, which may be finished for added living area, creating further income or value potential. *Combined, these layouts offer multiple long-term strategies including: - Full residential rental property - Mixed-use commercial and residential - A potential four-unit investment property - Owner-occupied business with income-producing units *Income and Market Positioning: Estimated residential rental income is approximately $5,000 per month in its current format, with the ability to increase revenue through reconfiguration, additional units, or commercial use. This property is priced competitively at $369,999, making it an exceptional entry for investors seeking immediate upside. *Location Benefits Located directly on the White Horse Pike, this property offers: - High visibility and drive-by traffic - Immediate access to public transportation - Convenient commuter routes in all directions - Ample paved parking suitable for residential, commercial, or mixed-use operations *320 White Horse Pike provides substantial flexibility, strong rental projections, and multiple strategies for value creation. An excellent opportunity for investors or buyers ready to maximize the potential of a well-located mixed-use asset.