Renovated Mixed-Use
New
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 Market7
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) 381-7884
Listed By:
Dawn Varallo · License #RS361696
(856) 381-7884
Source:
Cummingsrealtors
Added: Jul 27
Changed: Aug 2
Last Checked: Aug 2 at 4:13AM
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
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 For Mixed Use
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 | $91.1k | $15.84 |
| − Vacancy | −$13.0k | −$2.27 |
| EGI | $78.1k | $13.57 |
| − OpEx | −$29.3k | −$5.09 |
| NOI | $48.8k | $8.48 |
5,750 SF · lease $15.84/SF/yr · vacancy 14.30% · expense 37.50%
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.
Property 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
404
Businesses Nearby
135k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 29%
Groceries 22%
Office Supplies 8%
ACME Markets
Groceries
29,359 visits/mo
0.1 miles
McDonald's
Dining
19,727 visits/mo
0.4 miles
Taco Bell
Dining
14,906 visits/mo
0.1 miles
Dollar Tree
Shops & Services
13,994 visits/mo
0.1 miles
Staples
Office Supplies
10,898 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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
