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.