Upgraded Retail and Office
442 High St Burlington, NJ 08016
New
442 High St, Burlington, NJ, 08016
$247,500
For Sale
$247,500
Upgraded interior commercial building with new HVAC and hot water heater, plus a rear private parking lot for 30+ vehicles.
Property Size1,400 SF
Price / SF$176.79
Days on Market3
Property Features for 442 High St
General Information
- Standard status
- Active
- Size
- 1,400 SF
Building Details
- Year Built
- 1963
Listing agency
RE/MAX Preferred - Medford
(609) 338-1690
Listed by
Sigmond Jazwiecki · License #447669
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 5:50PM Checked: Jul 21 at 5:50PM
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 RE/MAX Preferred - Medford
Investment Insights
Based on property information with market context.
This commercial building offers flexible use as an office or storefront space, with an upgraded interior and ongoing improvements that include a new HVAC system and a new hot water heater being installed. The property includes approximately 1,400 square feet of space configured to support a range of business needs.
The building is located in Historic Burlington City with convenient access and parking, including a large private rear lot accommodating 30+ cars and vans, along with room for trailer parking and additional street parking and nearby public and private parking. It is within walking distance of the Municipal Building, shops, restaurants, and a barbershop, and it is also close to the Post Office and the Riverline, as well as a bus stop.
Offered for sale (or lease purchase), the property is well suited for an owner-operator or a tenant looking for adaptable commercial space with substantial on-site parking.
The building is located in Historic Burlington City with convenient access and parking, including a large private rear lot accommodating 30+ cars and vans, along with room for trailer parking and additional street parking and nearby public and private parking. It is within walking distance of the Municipal Building, shops, restaurants, and a barbershop, and it is also close to the Post Office and the Riverline, as well as a bus stop.
Offered for sale (or lease purchase), the property is well suited for an owner-operator or a tenant looking for adaptable commercial space with substantial on-site parking.
Key Highlights
- Commercial building built in 1963 with approximately 1,585 SF of upgraded interior space
- New HVAC system installed and a new hot water heater being installed
- Rear private parking lot accommodates 30+ cars and vans, with room for trailer parking
Local 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 8.46%
Second Best
Healthcare Medical
$278.0K
$243.2K – $324.3K
NOI $19,457 @ 7.0% cap · market cap 7.86%
Theoretical Best
Warehouse
$2.93M
$2.56M – $3.42M
NOI $204,965 @ 7.0% cap · market cap 82.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
FedEx Drop Box
Postal Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Upgraded interior commercial building with new HVAC and hot water heater, plus a rear private parking lot for 30+ vehicles.
Where is this office units located?
The property is located at 442 High St Burlington, NJ.
What is the asking price?
The asking price for this property is $247,500.
What are key features of this property?
This property features: Commercial building built in 1963 with approximately 1,585 SF of upgraded interior space; New HVAC system installed and a new hot water heater being installed; Rear private parking lot accommodates 30+ cars and vans, with room for trailer parking
