22 Ctr St Merchantville, NJ 08109-2519
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.