Mixed-Use Building with Grocery
231 E BROAD Street, Burlington, NJ 08016
For Sale
$325,000
Multi-Family, BURLINGTON, NJ
Property Size1,716 SF
Lot Size0.07 Acres
Price / SF$189.39
Days on Market9
Property Features for 231 E BROAD Street
General Information
Property type
Property subtype
Rooms
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Listing Agency:
RE/MAX World Class Realty
Listed By:
Brad T Sasaki · License NJ #229041
(609) 386-1636
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 13 at 11:06PM
MLS# NJBL2123890
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,716-square-foot, frame mixed-use building includes a deli or small grocery storefront on the ground floor and a three-bedroom, one-bath residence across the second and third floors. The ground-floor space is available for occupancy. The residential unit has separate gas and electric service, along with its own heating and hot-water systems. Built in 1900, the property sits on a 0.0734-acre lot and has wall-unit and window-unit cooling. Parking is on street.
The property is near shops, restaurants, public transportation, and major commuting routes in Burlington City, New Jersey.
The property is near shops, restaurants, public transportation, and major commuting routes in Burlington City, New Jersey.
Key Highlights
- Ground‑floor deli or small grocery storefront is ready for occupancy
- Three‑bedroom, one‑bath apartment occupies the second and third floors
- 1,716 square feet on a 0.0734‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,661
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,220
$513.2K
Cap Rate 7%
$366,586
$366.6K
Cap Rate 9%
$285,122
$285.1K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$38.5K $22.44/SF
− Vacancy
−$1.8K −$1.08/SF
EGI
$36.7K $21.36/SF
− OpEx
−$11.0K −$6.41/SF
NOI
$25.7K $14.95/SF
Area
Burlington County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,220
Cap Rate 7%
$366,586
Cap Rate 9%
$285,122
Alternative Uses
Best Use
Retail
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$321.1K
$281.0K – $374.6K
NOI $22,476 @ 7.0% cap · market cap 6.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 08016, NJ
34,617
Population
13,842
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
92%
High-School Grad
21.6 sq mi
ZIP Area
1,603
Density / Sq Mi
$92,560
Median Household Income
$49,919
Median Earnings
$1,343
Median Rent
$308,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Burlington County, NJ
Properties on Market for Mixed-use properties in Burlington County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The three-bedroom residence has separate gas, electric, heating, and hot-water systems.
Where is this mixed-use property located?
The property is located at 231 E BROAD Street Burlington, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Ground‑floor deli or small grocery storefront is ready for occupancy; Three‑bedroom, one‑bath apartment occupies the second and third floors; 1,716 square feet on a 0.0734‑acre lot
