Restaurant and Bar
29 Mill Street, Mount Holly, NJ
For Sale
Contact for pricing
Existing restaurant and bar in Mt. Holly for sale.
Property Size6,560 SF
Lot Size0.12 Acres
Price / SF$167.68
Days on Market920
Property Features for 29 Mill Street
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Vantage Commercial
(856) 797-1919
Listed By:
Ken Richardson · License ##1865294
(609) 346-0512
Source:
Moodyscre
Added: May 4, 2024
Changed: Aug 8
Last Checked: Jul 28 at 8:51AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features an existing restaurant and bar, situated in a prime business area of Mt. Holly. The establishment can accommodate up to 294 patrons. The restaurant includes a full commercial kitchen, bar and seating areas on each of its floors, and an office. The sale encompasses the real estate, liquor license, and all furniture, fixtures, and equipment (FF&E). The inventory will be handled separately upon closing. The property size is 6,560 square feet.
Key Highlights
- Includes real estate, liquor license, and all FF&E in the asking price.
- Existing restaurant and bar with seating for up to 294.
- Located in a prime business area of Mt. Holly.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,098
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,961,960
$2.0M
Cap Rate 7%
$1,401,400
$1.4M
Cap Rate 9%
$1,089,978
$1.1M
Market Conditions
NOI Build-Up for 6,560 SF
Gross rent
$147.2K $22.44/SF
− Vacancy
−$7.1K −$1.08/SF
EGI
$140.1K $21.36/SF
− OpEx
−$42.0K −$6.41/SF
NOI
$98.1K $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%
$1,961,960
Cap Rate 7%
$1,401,400
Cap Rate 9%
$1,089,978
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.63M
NOI $98,098 @ 7.0% cap · market cap 8.92%
Second Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,575 @ 7.0% cap · market cap 7.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
4,969 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
729 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Restaurants in Burlington County, NJ
Properties on Market for Restaurants in Burlington County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- N'awlins Eats — 53 E Monroe St, Mt Holly, NJ 08060
- Aramark Correctional Services — 54 Grant St, Mt Holly, NJ 08060
Frequently Asked Questions
What type of property is this?
Restaurant - Existing restaurant and bar in Mt. Holly for sale.
Where is this restaurant located?
The property is located at 29 Mill Street Mount Holly, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Includes real estate, liquor license, and all FF&E in the asking price.; Existing restaurant and bar with seating for up to 294.; Located in a prime business area of Mt. Holly.
