Mixed-Use Building with
For Sale
$1,250,000
55--61 HIGH ST, Mount Holly, NJ 08060
Four ground-floor commercial spaces are occupied, with plans for residential apartments on the upper levels.
Property Size13,000 SF
Price / SF$96.15
Days on Market11
Property Features for 55--61 HIGH ST
General Information
Standard status
Active
Size
13,000 SF
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach-Marlton
(856) 810-5300
Listed By:
Dawn Varallo · License #1329291
(856) 381-7884
Source:
Palmerharned
Added: Sep 29
Last Checked: Oct 7 at 11:46AM
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-Marlton
Investment Insights
Based on property information with market context.
The 13,000-square-foot property combines four occupied commercial storefronts at street level with upper floors planned for six two-bedroom apartments. Preliminary approvals are in place for the residential units. The current owner is pursuing a zoning change to allow mixed-use and multifamily development; the proposed zoning should not be considered secured. Commercial tenants pay their own utilities and applicable expenses.
A separate rear lot on Brainerd Street is included. It may offer options for parking, rear access, outdoor use, or future development, subject to applicable approvals. The property is on High Street in historic downtown Mount Holly, near restaurants, shops, professional services, entertainment, and municipal facilities.
A separate rear lot on Brainerd Street is included. It may offer options for parking, rear access, outdoor use, or future development, subject to applicable approvals. The property is on High Street in historic downtown Mount Holly, near restaurants, shops, professional services, entertainment, and municipal facilities.
Key Highlights
- 13,000± SF mixed‑use property
- Four occupied commercial storefronts on the first floor
- Preliminary approvals for six two‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,296
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,205,920
$2.2M
Cap Rate 7%
$1,575,657
$1.6M
Cap Rate 9%
$1,225,511
$1.2M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$205.9K $15.84/SF
− Vacancy
−$29.4K −$2.27/SF
EGI
$176.5K $13.57/SF
− OpEx
−$66.2K −$5.09/SF
NOI
$110.3K $8.48/SF
Area
Burlington County, NJ
Vacancy
14.30%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,205,920
Cap Rate 7%
$1,575,657
Cap Rate 9%
$1,225,511
Alternative Uses
Best Use
Retail
$2.78M
$2.43M – $3.24M
NOI $194,402 @ 7.0% cap · market cap 15.55%
Second Best
Mixed Use
$1.58M
$1.38M – $1.84M
NOI $110,296 @ 7.0% cap · market cap 8.82%
Theoretical Best
Warehouse
$27.19M
$23.79M – $31.72M
NOI $1,903,248 @ 7.0% cap · market cap 152.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
4,969 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
729 visits/mo
0.3 miles
Demographics for 08060, NJ
25,426
Population
10,198
Households
2.5
Avg Household Size
38
Median Age
38%
College-Educated
96%
High-School Grad
21.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$107,165
Median Household Income
$59,035
Median Earnings
$1,619
Median Rent
$292,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four ground-floor commercial spaces are occupied, with plans for residential apartments on the upper levels.
Where is this mixed-use property located?
The property is located at 55--61 HIGH ST Mount Holly, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 13,000± SF mixed‑use property; Four occupied commercial storefronts on the first floor; Preliminary approvals for six two‑bedroom apartments
