LOT1 BLACK HORSE PIKE The property is located on the busy Black Horse Pike adjoining Summerfields at Friendly Village. Williamstown is growing for sure with Walmart and Applebee's now open. There are two double sided billboards on the property that generate income. Seller does not have a current lease with the billboard company and they can be taken down if Buyer does not want them. It is located in the RGC Zone- Regional Growth Commercial and the rear is zoned RD-RR- Rural Development Residential Receiving. This property is just waiting to have a new owner and join the Williamstown growth! The income from the billboards yearly is $5, 175 and the RE taxes for the Billboards are separate form the land taxes. The taxes on the Billboard structure are $2975. The current billboard company pay the taxes for the Billboard and also the permit cost to the State of NJ. The Seller has not increased the rent for the Billboards in approximately 10 years. The structure for the Billboards is owned by the leasing company. The Seller will take back a mortgage with a 5yr ballon with 50% down.
Lot Size: 13.82 acre
Property Type: Other
Property Sub-type: Other
Roof Type: Unknown
Listing Changed: 12/4/2020 6:25:51 PM GMT
Source Updated Date: 12/5/2020 6:30:13 AM GMT
Courtesy of: Nell Woulfe, BHHS Fox & Roach Washington-Gloucester Home Marketing Center