Building Details

Tenancy Multi

Listing Agency: EXP REALTY, LLC - ENGLEWOOD CLIFFS N***@eXpRealty.net Show Phone

Listed By: SU ZHENG

Source: Corcoran

Added: Jul 30 Changed: Aug 2 Last Checked: Aug 6 at 5:10AM

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Investment Insights

Based on property information with market context.

This mixed-use property combines 2 retail storefronts with 3 residential apartments, creating separate commercial and residential components within one asset. The property is fully leased and includes an exclusive parking lot. Long-term commercial tenants and occupied apartments provide multiple rental revenue streams across the building’s uses.

Positioned in Butler Borough’s Main Street business district at 16 Main, the property is surrounded by local businesses, restaurants, and everyday conveniences. The offering includes a stated cap rate of 7%+ and may suit investors seeking a mixed-use asset or a 1031 exchange property.

Key Highlights

• 2 retail storefronts and 3 residential apartments
• Fully leased mixed‑use property
• Exclusive parking lot included

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Dental Office Pharmacy Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

743

Businesses Nearby

Explore this area Business Placement

Demographics for 07405, NJ

17,910

Population

6,990

Households

2.6

Avg Household Size

43

Median Age

57%

College-Educated

96%

High-School Grad

19.8 sq mi

ZIP Area

905

Density / Sq Mi

$127,500

Median Household Income

$69,919

Median Earnings

$1,526

Median Rent

$552,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Fully leased configuration combines storefront commercial space with residential rental units.

Where is this mixed-use property located?

The property is located at 16 Main Butler, NJ.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: 2 retail storefronts and 3 residential apartments; Fully leased mixed‑use property; Exclusive parking lot included