Operating Salon on 1
For Sale
Contact for pricing
2905 Marne Hwy, Mount Laurel, NJ
Operating hair salon on +/- 1 acre for sale.
Property Size1,400 SF
Lot Size1.07 Acres
Price / SF$353.57
Days on Market819
Property Features for 2905 Marne Hwy
General Information
Standard status
Active
Size
1,400 SF
Lot size
1.07 Acres
Property subtype
RETAIL
Listing Agency:
Vantage Commercial
(609) 346-0512
Listed By:
Ken Richardson · License #NJ 1865294
(609) 346-0512
Source:
Moodyscre
Added: May 5, 2024
Changed: Jul 6
Last Checked: Jul 21 at 4:39AM
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 Vantage Commercial
Investment Insights
Based on property information with market context.
The property features an existing hair salon business situated on approximately 1 acre of land. The salon is currently operational and can continue to function as a salon. Alternatively, the property presents a redevelopment opportunity. Zoned neighborhood commercial, the site is intended for shopping facilities, convenience retail, and personal service establishments catering to the daily needs of residents within a half-mile radius. The property can be combined with the adjacent property at 2909 Marne Highway, also for sale, to create a total area of approximately 2.66 acres.
Key Highlights
- +/- 1 AC of land suitable for redevelopment or continued use as a hair salon.
- Operating hair salon business provides immediate income potential.
- Zoned neighborhood commercial, ideal for retail or personal service establishments.
Financial Insights For 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 | $31.4k | $22.44 |
| − Vacancy | −$1.5k | −$1.08 |
| EGI | $29.9k | $21.36 |
| − OpEx | −$9.0k | −$6.41 |
| NOI | $20.9k | $14.95 |
1,400 SF · lease $22.44/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$299.1K
$261.7K – $348.9K
NOI $20,936 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.93M
$2.56M – $3.42M
NOI $204,965 @ 7.0% cap · market cap 41.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
457k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 26%
Dining 26%
Apparel 19%
Shops & Services 14%
Costco Wholesale
Superstores
119,115 visits/mo
0.2 miles
Costco Gasoline
Shops & Services
54,329 visits/mo
0.2 miles
T.J. Maxx
Apparel
52,567 visits/mo
0.3 miles
Chick-fil-A
Dining
50,624 visits/mo
0.3 miles
Topgolf
Leisure
48,720 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Operating hair salon on +/- 1 acre for sale.
Where is this retail space located?
The property is located at 2905 Marne Hwy Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: +/- 1 AC of land suitable for redevelopment or continued use as a hair salon.; Operating hair salon business provides immediate income potential.; Zoned neighborhood commercial, ideal for retail or personal service establishments.
