Two-Unit Mixed-Use
117 S Pavilion Ave, Riverside, NJ
For Sale
$419,000
Turnkey residential unit with private entrance and parking, plus a leased storefront space with rear flex rooms.
Property Size2,500 SF
Price / SF$167.60
Days on Market147
Property Features for 117 S Pavilion Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Business Included
Taxes and HOA fees
Annual Taxes
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Tracy H Nguyen
(856) 261-8971
Source:
Exprealty
Added: Jun 19
Changed: Nov 12
Last Checked: Nov 12 at 10:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This well-maintained, freshly painted two-unit mixed-use property includes a residential unit and a commercial storefront space. Unit 1 is a turnkey, three-level home with three bedrooms, one bathroom, hardwood flooring, and ample closet storage. It features a modern bathroom and an eat-in kitchen with oak cabinetry and stainless appliances, along with its own private entrance and private parking spot. Unit 1 is currently vacant by design starting June 1 to allow flexibility for either owner-occupancy or immediate leasing.
Unit 2 is the commercial component on the first floor and is configured for storefront visibility. The space includes large storefront windows, a reception area, and functional rear flex rooms. The unit is currently leased, with rent referenced in the listing as $2,000–$2,200 per month. Showings are scheduled to begin June 11, 2026, with open houses set for this Sunday.
Located at 117 S Pavilion Ave in Riverside, NJ, the property is described as being just two blocks from the Riverside Light Rail Station and a bus stop. This makes the building a practical fit for buyers seeking an owner-occupant lifestyle with an on-site commercial tenant, or investors who want both residential and retail income streams within the same structure based on the current configuration.
Unit 2 is the commercial component on the first floor and is configured for storefront visibility. The space includes large storefront windows, a reception area, and functional rear flex rooms. The unit is currently leased, with rent referenced in the listing as $2,000–$2,200 per month. Showings are scheduled to begin June 11, 2026, with open houses set for this Sunday.
Located at 117 S Pavilion Ave in Riverside, NJ, the property is described as being just two blocks from the Riverside Light Rail Station and a bus stop. This makes the building a practical fit for buyers seeking an owner-occupant lifestyle with an on-site commercial tenant, or investors who want both residential and retail income streams within the same structure based on the current configuration.
Key Highlights
- Mixed‑use 2‑unit property built in 1935 with a residential unit and a leased storefront/commercial unit.
- Unit 1 (residential): 3 bedrooms, 1 bathroom, 3‑level layout; private entrance and private parking spot.
- Unit 1: Fresh interior paint and hardwood flooring; modern bathroom and eat‑in kitchen with oak cabinetry and stainless appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,385
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,700
$747.7K
Cap Rate 7%
$534,071
$534.1K
Cap Rate 9%
$415,389
$415.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$56.1K $22.44/SF
− Vacancy
−$2.7K −$1.08/SF
EGI
$53.4K $21.36/SF
− OpEx
−$16.0K −$6.41/SF
NOI
$37.4K $14.95/SF
Area
Burlington County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,700
Cap Rate 7%
$534,071
Cap Rate 9%
$415,389
Alternative Uses
Best Use
Retail
$534.1K
$467.3K – $623.1K
NOI $37,385 @ 7.0% cap · market cap 8.92%
Second Best
Multifamily LT 5
$511.8K
$447.8K – $597.1K
NOI $35,827 @ 7.0% cap · market cap 8.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Burlington County, NJ
Properties on Market for Mixed-use properties in Burlington County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Turnkey residential unit with private entrance and parking, plus a leased storefront space with rear flex rooms.
Where is this mixed-use property located?
The property is located at 117 S Pavilion Ave Riverside, NJ.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Mixed‑use 2‑unit property built in 1935 with a residential unit and a leased storefront/commercial unit.; Unit 1 (residential): 3 bedrooms, 1 bathroom, 3‑level layout; private entrance and private parking spot.; Unit 1: Fresh interior paint and hardwood flooring; modern bathroom and eat‑in kitchen with oak cabinetry and stainless appliances.
