Historic Mixed-Use Colonial with
53 N Main Street Mullica Hill, NJ 08062
53 N Main Street, Mullica Hill, NJ, 08062
$969,900
For Sale
$969,900
First-floor professional office offers private conference rooms and radiant gas heat within a historic colonial mixed-use property.
Property Size6,514 SF
Price / SF$148.89
Days on Market615
Property Features for 53 N Main Street
General Information
- Standard status
- Active
- Size
- 6,514 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1800
Listing agency
BHHS Fox & Roach-Mullica Hill South
(856) 297-5790
Listed by
Patricia Settar
(856) 297-5790
Source
Xome
Added: Nov 13, 2024 Updated: Jul 21 at 8:00AM Checked: Jul 21 at 8:00AM
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 BHHS Fox & Roach-Mullica Hill South
Investment Insights
Based on property information with market context.
This historic Colonial listed on the National Historic Register combines income-producing mixed use with a move-in-ready professional office. The first floor includes executive-style office space with wide plank wood floors, elegant moldings, built-ins, private conference rooms, individual offices, a kitchen, and radiant gas heat. Front and rear covered porches provide access, and there is ample off-street parking for clients and staff.
Upstairs, the building contains three residential units with private access via a shared hallway or covered deck. A second-floor apartment includes a spacious living room, updated bedroom, and a full bath with stall shower. Adjacent is a freshly updated studio apartment currently used as a media room with a full bath, new carpeting, and fresh paint. The third-floor unit includes a bedroom, full bath, living room, dining area, kitchen, and private deck.
At the rear of the property is a private cottage and a two-story historic barn leased for income. The cottage is the original Gloucester County law office, set among mature landscaping and a gazebo. The barn, built in 1860, offers three large open rooms with built-ins and a professionally waterproofed basement. The barn’s exterior includes T-III siding and a metal roof, with semi-split heating and air.
Upstairs, the building contains three residential units with private access via a shared hallway or covered deck. A second-floor apartment includes a spacious living room, updated bedroom, and a full bath with stall shower. Adjacent is a freshly updated studio apartment currently used as a media room with a full bath, new carpeting, and fresh paint. The third-floor unit includes a bedroom, full bath, living room, dining area, kitchen, and private deck.
At the rear of the property is a private cottage and a two-story historic barn leased for income. The cottage is the original Gloucester County law office, set among mature landscaping and a gazebo. The barn, built in 1860, offers three large open rooms with built-ins and a professionally waterproofed basement. The barn’s exterior includes T-III siding and a metal roof, with semi-split heating and air.
Key Highlights
- Historic colonial mixed‑use property with first‑floor professional office plus three residential units and a private cottage and leased 1860 barn.
- 1,820 SF first‑floor professional office with wide plank wood floors, built‑ins, multiple private offices and conference rooms, kitchen, and radiant gas heat.
- Upstairs units include a 745 SF 2nd‑floor apartment (living room, updated bedroom, full bath w/ stall shower), plus a 705 SF 3rd‑floor unit (bedroom, full bath, living/dining, kitchen, private deck).
Local Financial Insights For Mixed Use
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 | $125.1k | $19.20 |
| − Vacancy | −$10.0k | −$1.54 |
| EGI | $115.1k | $17.66 |
| − OpEx | −$43.1k | −$6.62 |
| NOI | $71.9k | $11.04 |
6,514 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,727 @ 7.0% cap · market cap 10.59%
Second Best
Mixed Use
$1.03M
$898.9K – $1.20M
NOI $71,915 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,273 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Advanced Eye Care ...
Eye Care Center
Mullica Hill Foot ...
Physician
Romano Realty Mullica ...
Real Estate Agency
Victory Fiduciary Consulting
Financial Advisor
Shayden Feret REALTOR
Real Estate Agency
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FAQs
What type of property is this?
Live-work space - First-floor professional office offers private conference rooms and radiant gas heat within a historic colonial mixed-use property.
Where is this live-work space located?
The property is located at 53 N Main Street Mullica Hill, NJ.
What is the asking price?
The asking price for this property is $969,900.
What are key features of this property?
This property features: Historic colonial mixed‑use property with first‑floor professional office plus three residential units and a private cottage and leased 1860 barn.; 1,820 SF first‑floor professional office with wide plank wood floors, built‑ins, multiple private offices and conference rooms, kitchen, and radiant gas heat.; Upstairs units include a 745 SF 2nd‑floor apartment (living room, updated bedroom, full bath w/ stall shower), plus a 705 SF 3rd‑floor unit (bedroom, full bath, living/dining, kitchen, private deck).
