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Property profile & analytics
OFF-MARKET
Commercial real estate

22 Ctr St Merchantville, NJ 08109-2519

0.17 ac lot
Individually Owned 7-yr Hold Free & Clear
Property ID
US59-0263361
Property summary
AI-generated overview

This exceptional mixed-use property at 22 Centre Street in Merchantville, NJ, presents a lucrative investment opportunity. The building boasts 2,584 square feet on a 0.06-acre lot and is currently generating strong rental income. The ground floor comprises a thriving juice bar, occupying a spacious commercial area previously used as a floral shop. A significant feature is a large greenhouse located at the rear of the commercial space. The current tenant also leases the second-floor residential unit, providing a streamlined rental management system. The second floor offers a spacious three-bedroom, one-bathroom apartment with high ceilings, hardwood floors in excellent condition, a large kitchen, and a stackable laundry unit. A convenient office space, accessible from both the first and second floors, leads to roof access. The property also includes a large, clean basement. The building is equipped with two gas meters and two electric meters, reflecting the separate utility services for the commercial and residential spaces. The current rental income is $2,200 per month ($1,100 commercial, $1,100 residential). The property's versatility allows for a wide range of commercial uses, including but not limited to nail salons, boba tea shops, hair salons, barber shops, and delis. Prospective buyers are responsible for verifying zoning regulations and permitted business types, as well as confirming school district information. This is a turnkey investment with significant potential for growth and return.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Lot 0.17 ac (7,200 SF)
APN 24 00057-0000-00030
UPID US59-0263361
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Ryan J Middleton · 7 yrs held
Ryan J Middleton
since 2018
1 recorded transaction
2018
$215,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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