Mixed-Use Building with
523-525 Richey Avenue Collingswood, NJ 08107
523-525 Richey Avenue, Collingswood, NJ, 08107
$650,000
For Sale
$650,000
A 3,000 SF building with two commercial storefronts and two residential units in a high-demand Collingswood area.
Property Size3,000 SF
Price / SF$216.67
Days on Market51
Property Features for 523-525 Richey Avenue
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Retail
Listing agency
NAI Mertz - Corporate
(609) 352-1162
Listed by
Joe Riggs
Source
Naimertz
Added: Jun 2 Updated: Jul 21 at 7:25PM Checked: Jul 22 at 3:53AM
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 NAI Mertz - Corporate
Investment Insights
Based on property information with market context.
This 3,000 SF mixed-use building is arranged with two commercial storefronts and two residential units. The commercial spaces offer ample area for merchandise display, supporting retail use within the property.
The building is located in Collingswood and is described as having strong visibility and accessibility for street retail purposes. With both storefront and residential components under one ownership, the property provides multiple income-producing areas in a single building.
Overall, the asset combines street-level retail space with separate residential units, creating a flexible configuration for retail and street-retail investors.
The building is located in Collingswood and is described as having strong visibility and accessibility for street retail purposes. With both storefront and residential components under one ownership, the property provides multiple income-producing areas in a single building.
Overall, the asset combines street-level retail space with separate residential units, creating a flexible configuration for retail and street-retail investors.
Key Highlights
- 3,000 SF building in Collingswood with two commercial storefronts and two residential units
- Mixed‑use layout with 2 residential units plus retail storefront space
- Designed for retail businesses with ample space for showcasing merchandise
Local Financial Insights For Multifamily LT 5
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 | $51.5k | $17.16 |
| − Vacancy | −$2.7k | −$0.91 |
| EGI | $48.7k | $16.25 |
| − OpEx | −$14.6k | −$4.87 |
| NOI | $34.1k | $11.37 |
3,000 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$487.4K
$426.5K – $568.7K
NOI $34,119 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$435.2K
$380.8K – $507.8K
NOI $30,467 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$760.7K
$665.6K – $887.5K
NOI $53,247 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - A 3,000 SF building with two commercial storefronts and two residential units in a high-demand Collingswood area.
Where is this storefront property located?
The property is located at 523-525 Richey Avenue Collingswood, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,000 SF building in Collingswood with two commercial storefronts and two residential units; Mixed‑use layout with 2 residential units plus retail storefront space; Designed for retail businesses with ample space for showcasing merchandise
