Corner Storefront
For Sale
$450,000
31 31-33 Centre, Merchantville, NJ 08109
B1-zoned commercial space with open interior volume and basement storage in Merchantville’s business district.
Property Size2,400 SF
Price / SF$187.50
Days on Market57
Property Features for 31 31-33 Centre
General Information
Standard status
Active
Size
2,400 SF
Zoning
B1
Additional Details
Business Included
Yes
Corner Location
Yes
Amenities
12-foot high ceilings
basement for storage
Building Details
Year Built
1925
Listing Agency:
Realty Mark Advantage
Listed By:
Jukab Seo · License #564074
(856) 912-2777
Source:
Selltheshore
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 13 at 1:26AM
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 Realty Mark Advantage
Investment Insights
Based on property information with market context.
This 2,400-square-foot storefront property dates to 1925 and occupies a corner lot in Merchantville’s business district. The interior offers 12-foot ceilings and a basement that provides additional storage. The property is currently operated as a dry-cleaning business, with existing equipment remaining for a buyer who continues that use; removal would be the buyer’s responsibility for a different operation.
B1 zoning supports several stated business uses, including a bar, convenience store, dry cleaner, laundromat, food market, and office. The corner setting has both pedestrian and vehicle activity, providing exposure within the commercial district.
B1 zoning supports several stated business uses, including a bar, convenience store, dry cleaner, laundromat, food market, and office. The corner setting has both pedestrian and vehicle activity, providing exposure within the commercial district.
Key Highlights
- 2,400 SF storefront property on a corner lot
- B1 zoning supports bar, convenience store, dry cleaner, laundromat, food market, and office uses
- 12‑foot interior ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,108
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,160
$462.2K
Cap Rate 7%
$330,114
$330.1K
Cap Rate 9%
$256,756
$256.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$36.0K $15.00/SF
− Vacancy
−$3.0K −$1.25/SF
EGI
$33.0K $13.76/SF
− OpEx
−$9.9K −$4.13/SF
NOI
$23.1K $9.63/SF
Area
Camden County, NJ
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,160
Cap Rate 7%
$330,114
Cap Rate 9%
$256,756
Alternative Uses
Best Use
Retail
$330.1K
$288.9K – $385.1K
NOI $23,108 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.5K
$532.5K – $710.0K
NOI $42,597 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08109, NJ
23,306
Population
9,314
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
4,855
Density / Sq Mi
$84,332
Median Household Income
$44,288
Median Earnings
$1,142
Median Rent
$227,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Aster's Flowers — 29 W Park Ave, Merchantville, NJ 08109
- Flowers Your Way — 22 N Centre St, Merchantville, NJ 08109
Frequently Asked Questions
What type of property is this?
Storefront property - B1-zoned commercial space with open interior volume and basement storage in Merchantville’s business district.
Where is this storefront property located?
The property is located at 31 31-33 Centre Merchantville, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,400 SF storefront property on a corner lot; B1 zoning supports bar, convenience store, dry cleaner, laundromat, food market, and office uses; 12‑foot interior ceilings
