Mixed-Use Property With
For Sale
$598,000
345 High St, Burlington, NJ 08016
Three-level property combines a restaurant space, two apartments, basement storage, and adjacency to public parking.
Property Size5,562 SF
Price / SF$107.52
Days on Market96
Property Features for 345 High St
General Information
Standard status
Active
Size
5,562 SF
Additional Details
Floor
Ground
Amenities
basement storage
private side entrance
Building Details
Year Built
1870
Buildings
1
Stories
3
Listing Agency:
Avallon Real Estate Group
Listed By:
Christopher J. Avallon · License #1751378
(609) 436-0419
Source:
Soldbypattie
Added: Aug 2
Changed: Oct 25
Last Checked: Oct 7 at 3:07PM
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 Avallon Real Estate Group
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Investment Insights
Based on property information with market context.
This mixed-use property combines a ground-floor restaurant with two residential apartments above. The second-floor unit includes 2 bedrooms and 2 full bathrooms, while the third-floor unit provides 2 bedrooms and 1 full bathroom. The restaurant area includes a full commercial kitchen, two dining rooms, two cashier stations, and two customer restrooms. One dining room has a separate side entrance, and the building also includes a full basement for storage and utility functions. The property is fully vacant and was built in 1870.
Located in downtown Burlington, the building sits adjacent to a large public parking lot. The combination of commercial and residential space supports restaurant occupancy, apartment leasing, or owner-occupancy options within a single property.
Located in downtown Burlington, the building sits adjacent to a large public parking lot. The combination of commercial and residential space supports restaurant occupancy, apartment leasing, or owner-occupancy options within a single property.
Key Highlights
- Ground‑floor restaurant with full commercial kitchen and two dining areas
- Two apartments: 2 bedrooms/2 full bathrooms and 2 bedrooms/1 full bathroom
- Two dedicated cashier stations and two customer restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,190
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,800
$943.8K
Cap Rate 7%
$674,143
$674.1K
Cap Rate 9%
$524,333
$524.3K
Market Conditions
NOI Build-Up for 5,562 SF
Gross rent
$88.1K $15.84/SF
− Vacancy
−$12.6K −$2.27/SF
EGI
$75.5K $13.57/SF
− OpEx
−$28.3K −$5.09/SF
NOI
$47.2K $8.48/SF
Area
Burlington County, NJ
Vacancy
14.30%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,800
Cap Rate 7%
$674,143
Cap Rate 9%
$524,333
Alternative Uses
Best Use
Industrial
$9.58M
$8.38M – $11.18M
NOI $670,598 @ 7.0% cap · market cap 112.14%
Second Best
Specialty Retail
$1.02M
$896.4K – $1.20M
NOI $71,708 @ 7.0% cap · market cap 11.99%
Theoretical Best
Warehouse
$11.63M
$10.18M – $13.57M
NOI $814,297 @ 7.0% cap · market cap 136.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
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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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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level property combines a restaurant space, two apartments, basement storage, and adjacency to public parking.
Where is this mixed-use property located?
The property is located at 345 High St Burlington, NJ.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Ground‑floor restaurant with full commercial kitchen and two dining areas; Two apartments: 2 bedrooms/2 full bathrooms and 2 bedrooms/1 full bathroom; Two dedicated cashier stations and two customer restrooms
