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451 White Horse Pike
Atco, NJ 08004

$1,600,000 USD

Bank For Sale  •  4,400 SF

Property Details

  • Property Type Bank
  • Total Building Size 4,400 SF
  • Lot Size 3.13 AC
  • Building Class C
  • Year Built 1960
  • Tenancy Multiple
  • Zoning PHB
30 Transit Score
30 Walk Score

Highlights

Property is being offered at a year-1 in place cap rate of 8.25%
The property is being offered at approximately $363/SF, below estimated replacement cost
This investment opportunity features a former bank building that has been successfully repurposed into a medical cannabis dispensary
The property offers a significant competitive advantage with its fully equipped three-lane drive-thru
The subject property sits on approximately +3.13 acres, offering excess land that provides potential for future redevelopment or expansion
The lease is backed by two successful business leaders, including a senior executive of a global manufacturing company with substantial revenue

Public Transportation

Commuter RailDriveWalkDistance
Atco (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit)) 3 min - 1.9 mi
Lindenwold (NJT) (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit)) 11 min - 8.0 mi
AirportDriveWalkDistance
Philadelphia International 40 min - 26.7 mi
Atlantic City International 59 min - 31.0 mi
Alexander Machado 305-905-3215 Matthews Real Estate Investment Services
Alexander Machado 305-905-3215 Matthews Real Estate Investment Services