Renovated Mixed-Use
For Sale
$565,000
40 HIGH STREET, Mount Holly, NJ 08060
Renovated downtown property combining restaurant, apartment, and flexible commercial or residential space with separate floor utilities.
Property Size5,750 SF
Price / SF$98.26
Days on Market100
Property Features for 40 HIGH STREET
General Information
Standard status
Active
Size
5,750 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
central air conditioning
separate utilities per floor
separate entrances for residential units
rear access to commercial space
abundant free municipal parking
Building Details
Year Built
1900
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach-Marlton
(856) 810-5300
Listed By:
Dawn Varallo · License #RS361696
(856) 381-7884
Source:
Cummingsrealtors
Added: Jul 29
Changed: Nov 5
Last Checked: Nov 4 at 4:43PM
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 BHHS Fox & Roach-Marlton
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 renovated mixed-use building in Historic Downtown Mount Holly combines commercial and residential occupancy across three levels. The first floor contains approximately 3,166 square feet of commercial space occupied by a restaurant, with rear office area and a separate rear entrance. The second floor provides approximately 1,598 square feet and is leased as an apartment, while offering flexibility for professional office use. A third-floor apartment includes 986 square feet and upgraded finishes. Separate utilities serve each floor, upper-level residential spaces have independent entrances, and central air conditioning extends throughout the building. The property was built in 1900 and has available on-site parking, along with direct access to a large free municipal parking lot behind the building. Located on High Street near the Burlington County Courthouse complex, the property sits within a walkable downtown setting with restaurants, boutiques, cafés, breweries, financial institutions, and professional offices. Municipal approvals may allow creation of an additional residential unit.
Key Highlights
- Three‑level mixed‑use building with 5,750 square feet of property size
- First‑floor commercial space includes approximately 3,166 SF and an established restaurant
- Second‑floor unit measures approximately 1,598 SF with apartment or office flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,785
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,700
$975.7K
Cap Rate 7%
$696,929
$696.9K
Cap Rate 9%
$542,056
$542.1K
Market Conditions
NOI Build-Up for 5,750 SF
Gross rent
$91.1K $15.84/SF
− Vacancy
−$13.0K −$2.27/SF
EGI
$78.1K $13.57/SF
− OpEx
−$29.3K −$5.09/SF
NOI
$48.8K $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%
$975,700
Cap Rate 7%
$696,929
Cap Rate 9%
$542,056
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$941.4K – $1.26M
NOI $75,312 @ 7.0% cap · market cap 13.33%
Second Best
Specialty Retail
$1.06M
$926.7K – $1.24M
NOI $74,132 @ 7.0% cap · market cap 13.12%
Theoretical Best
Warehouse
$12.03M
$10.52M – $14.03M
NOI $841,821 @ 7.0% cap · market cap 148.99%
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
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
4,969 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
729 visits/mo
0.3 miles
Demographics for 08060, NJ
25,426
Population
10,198
Households
2.5
Avg Household Size
38
Median Age
38%
College-Educated
96%
High-School Grad
21.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$107,165
Median Household Income
$59,035
Median Earnings
$1,619
Median Rent
$292,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated downtown property combining restaurant, apartment, and flexible commercial or residential space with separate floor utilities.
Where is this mixed-use property located?
The property is located at 40 HIGH STREET Mount Holly, NJ.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Three‑level mixed‑use building with 5,750 square feet of property size; First‑floor commercial space includes approximately 3,166 SF and an established restaurant; Second‑floor unit measures approximately 1,598 SF with apartment or office flexibility
