Mixed-Use Retail and Restaurant
533 HIGHLAND Avenue Haddon Heights, NJ 08035
533 HIGHLAND Avenue, Haddon Heights, NJ, 08035
$1,250,000
For Sale
$1,250,000
Commercial Sale - HADDON HEIGHTS, NJ
Property Size9,000 SF
Price / SF$138.89
Days on Market353
Property Features for 533 HIGHLAND Avenue
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking
- 18
- Parking features
- Parking Lot
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 14276
Utilities
- Heating system
- Central, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1955
- Building materials
- Block
Listing agency
HomeSmart First Advantage Realty
(856) 363-3000
Listed by
Hakan Karahan · License #9693664
(856) 363-3000
Added: Aug 5, 2025 Updated: Jun 9 at 11:35AM Checked: Jul 23 at 7:06AM
MLS# NJCD2099318
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is a multi-tenant building that includes both retail and restaurant space on the first floor. The first floor features three units, with two currently operated as an antique store and one operated as a restaurant. The building also has a second floor that was previously configured for three apartments, offering a layout that could potentially be converted back to residential use.
The property is offered for sale at 533 Highland Avenue in Haddon Heights, New Jersey. Public remarks describe the site as having a strong location and existing on-site tenants, with the current income mix supported by the restaurant and antique uses.
For buyers or operators seeking a building with multiple revenue streams under one roof, the current arrangement provides two antique spaces and a restaurant on the main level. The second-floor configuration, previously used for apartments, may appeal to those looking to align the property with a residential conversion plan while keeping the first-floor retail and restaurant operations in place.
The property is offered for sale at 533 Highland Avenue in Haddon Heights, New Jersey. Public remarks describe the site as having a strong location and existing on-site tenants, with the current income mix supported by the restaurant and antique uses.
For buyers or operators seeking a building with multiple revenue streams under one roof, the current arrangement provides two antique spaces and a restaurant on the main level. The second-floor configuration, previously used for apartments, may appeal to those looking to align the property with a residential conversion plan while keeping the first-floor retail and restaurant operations in place.
Key Highlights
- Commercial building built in 1955 with block construction
- About 9,000 total SF across first and second floors
- First floor features 3 units, including an on‑site restaurant and an antique store
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.0k | $18.00 |
| − Vacancy | −$10.5k | −$1.17 |
| EGI | $151.5k | $16.83 |
| − OpEx | −$37.9k | −$4.21 |
| NOI | $113.6k | $12.62 |
9,000 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,603 @ 7.0% cap · market cap 9.09%
Second Best
Retail
$1.24M
$1.08M – $1.44M
NOI $86,657 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,740 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Two first-floor retail units plus a restaurant provide established on-site uses within a multi-tenant commercial building.
Where is this retail property located?
The property is located at 533 HIGHLAND Avenue Haddon Heights, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Commercial building built in 1955 with block construction; About 9,000 total SF across first and second floors; First floor features 3 units, including an on‑site restaurant and an antique store
