24 S Centre Street S Merchantville, NJ 08109
Versatile property with restaurant and residential spaces in downtown Merchantville.
Property Features for 24 S Centre Street S
General Information
- Standard status
- Active
- Size
- 3,248 SF
Listing office KELLER WILLIAMS ELITE REALTORS (732) 549-1998
Listing date May 12, 2026
Source Exprealty
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 KELLER WILLIAMS ELITE REALTORS
Investment Insights
Based on property information with market context.
Key Highlights
- Mixed‑use property in Merchantville's downtown district offering both commercial and residential income potential.
- First floor equipped for restaurant use with a spacious dining area, commercial kitchen, prep area, and ADA‑compliant restrooms.
- Spacious 2‑bedroom residential apartment on the upper level with stainless steel appliances.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.5k | $18.00 |
| − Vacancy | −$3.8k | −$1.17 |
| EGI | $54.7k | $16.83 |
| − OpEx | −$13.7k | −$4.21 |
| NOI | $41.0k | $12.62 |
