Mixed-Use Corner
200-204 Bellevue Ave & 3-5 South 2nd St, Hammonton, NJ 08037
For Sale
New
$1,799,000
The fully occupied building combines commercial space and apartments near shops, restaurants, and NJ Transit rail service.
Property Size9,515 SF
Days on Market1
Property Features for 200-204 Bellevue Ave & 3-5 South 2nd St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Corner Location
Road Access
Public Transit
Additional Details
Tenant in Place
Building Details
Building Size
Listing Agency:
Vantage Commercial
Listed By:
Ken Richardson · License #NJ #1865294
(609) 346-0512
Source:
Tcnworldwide
Added: Nov 6
Last Checked: Nov 6 at 2:46PM
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 Vantage Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At the Bellevue Avenue and South 2nd Street intersection, this occupied mixed-use property brings together commercial space and apartments. The building has received renovations over time, and its address places it within downtown Hammonton’s commercial area. The property spans 200-204 Bellevue Avenue and 3-5 South 2nd Street.
Shops, restaurants, and the NJ Transit rail station are nearby. A residential project by Lennar is planned a few blocks away, with roughly 60 three-story townhomes approved. The homes are described as having 3 bedrooms and 2.5 baths, with initial residents expected in 2026.
Shops, restaurants, and the NJ Transit rail station are nearby. A residential project by Lennar is planned a few blocks away, with roughly 60 three-story townhomes approved. The homes are described as having 3 bedrooms and 2.5 baths, with initial residents expected in 2026.
Key Highlights
- Fully occupied mixed‑use property with commercial space and apartments
- Corner location at Bellevue Avenue and South 2nd Street
- Renovations completed over time
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,298
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,825,960
$2.8M
Cap Rate 7%
$2,018,543
$2.0M
Cap Rate 9%
$1,569,978
$1.6M
Market Conditions
NOI Build-Up for 9,515 SF
Gross rent
$256.9K $27.00/SF
− Vacancy
−$30.8K −$3.24/SF
EGI
$226.1K $23.76/SF
− OpEx
−$84.8K −$8.91/SF
NOI
$141.3K $14.85/SF
Area
Atlantic County, NJ
Vacancy
12.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,825,960
Cap Rate 7%
$2,018,543
Cap Rate 9%
$1,569,978
Alternative Uses
Best Use
Mixed Use
$2.02M
$1.77M – $2.35M
NOI $141,298 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,242 @ 7.0% cap · market cap 5.29%
Theoretical Best
Warehouse
$3.54M
$3.10M – $4.13M
NOI $248,033 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 08037, NJ
23,814
Population
9,682
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
90%
High-School Grad
122.5 sq mi
ZIP Area
194
Density / Sq Mi
$83,762
Median Household Income
$40,668
Median Earnings
$1,297
Median Rent
$307,700
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Atlantic County, NJ
Properties on Market for Mixed-use properties in Atlantic County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The fully occupied building combines commercial space and apartments near shops, restaurants, and NJ Transit rail service.
Where is this mixed-use property located?
The property is located at 200-204 Bellevue Ave & 3-5 South 2nd St Hammonton, NJ.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Fully occupied mixed‑use property with commercial space and apartments; Corner location at Bellevue Avenue and South 2nd Street; Renovations completed over time
