Mixed-Use Building with Salon
New
For Sale
$749,000
20 HAINES MILL ROAD, Riverside, NJ 08075
Two apartments sit above separate storefronts, with salon and barber fixtures included.
Property Size2,800 SF
Days on Market7
Property Features for 20 HAINES MILL ROAD
General Information
Standard status
Active
Size
2,800 SF
Property subtype
MixedUse
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,879
Building Details
Building Size
2,800 SF
Year Built
1955
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Weichert Realtors - Moorestown
Listed By:
Susan Nece · License #1325587
(609) 923-0606
Source:
Patmckennarealtors
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 13 at 12:53AM
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 Weichert Realtors - Moorestown
Investment Insights
Based on property information with market context.
Built in 1955, the property combines two one-bedroom apartments on the upper level with two distinct ground-floor salon and barber spaces. Salon and barber fixtures are included. A full basement provides additional storage, and the lot has room for expanded parking.
The property is located near major highways. The ground-floor areas are described as adaptable for retail or office use, among other commercial formats.
The property is located near major highways. The ground-floor areas are described as adaptable for retail or office use, among other commercial formats.
Key Highlights
- Two second‑floor apartments, each with one bedroom
- Two separate first‑floor salon and barber spaces
- Salon and barber fixtures included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,058
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,160
$861.2K
Cap Rate 7%
$615,114
$615.1K
Cap Rate 9%
$478,422
$478.4K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$84.0K $30.00/SF
− Vacancy
−$5.7K −$2.04/SF
EGI
$78.3K $27.96/SF
− OpEx
−$35.2K −$12.58/SF
NOI
$43.1K $15.38/SF
Area
Paterson, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,160
Cap Rate 7%
$615,114
Cap Rate 9%
$478,422
Alternative Uses
Best Use
Apartment 5plus
$615.1K
$538.2K – $717.6K
NOI $43,058 @ 7.0% cap · market cap 5.75%
Second Best
Retail
$570.9K
$499.6K – $666.1K
NOI $39,965 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$731.1K
$639.8K – $853.0K
NOI $51,180 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 08075, NJ
30,327
Population
12,092
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
3,063
Density / Sq Mi
$94,576
Median Household Income
$47,979
Median Earnings
$1,427
Median Rent
$288,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments sit above separate storefronts, with salon and barber fixtures included.
Where is this mixed-use property located?
The property is located at 20 HAINES MILL ROAD Riverside, NJ.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two second‑floor apartments, each with one bedroom; Two separate first‑floor salon and barber spaces; Salon and barber fixtures included in the sale
