Corner Retail Building with
31-33 Centre Merchantville, NJ 08109
31-33 Centre, Merchantville, NJ, 08109
$450,000
For Sale
$450,000
Zoned B1 with 12-foot ceilings, basement storage, and a dry cleaning operation that can transfer as-is.
Property Size2,400 SF
Price / SF$187.50
Days on Market104
Property Features for 31-33 Centre
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1925
Listing agency
Realty Mark Advantage
(856) 912-2777
Listed by
Jukab Seo · License #564074
(856) 912-2777
Source
Xome
Added: Apr 9 Updated: Jul 21 at 4:39AM Checked: Jul 21 at 4:39AM
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 retail property for sale is located on a high-visibility corner lot in the Merchantville business district. The interior features 12-foot high ceilings and includes a basement for storage.
The property is zoned B1 and the current owner operates it as a dry cleaning business, with a preference to transfer the business as is. If a buyer plans to operate a different type of business, it will be the buyer’s responsibility to remove all existing equipment.
The listing includes the address of 31-33 S. Center St., Merchantville, NJ 08109.
The property is zoned B1 and the current owner operates it as a dry cleaning business, with a preference to transfer the business as is. If a buyer plans to operate a different type of business, it will be the buyer’s responsibility to remove all existing equipment.
The listing includes the address of 31-33 S. Center St., Merchantville, NJ 08109.
Key Highlights
- Zoned Commercial (B1) in the Central Business District on a corner lot with parking available
- 12‑foot high ceilings with an open interior layout for a variety of business uses
- Basement included for storage
Local Financial Insights For 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 | $36.0k | $15.00 |
| − Vacancy | −$3.0k | −$1.25 |
| EGI | $33.0k | $13.76 |
| − OpEx | −$9.9k | −$4.13 |
| NOI | $23.1k | $9.63 |
2,400 SF · lease $15.00/SF/yr · vacancy 8.30% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Zoned B1 with 12-foot ceilings, basement storage, and a dry cleaning operation that can transfer as-is.
Where is this retail space located?
The property is located at 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: Zoned Commercial (B1) in the Central Business District on a corner lot with parking available; 12‑foot high ceilings with an open interior layout for a variety of business uses; Basement included for storage
