Mixed-Use Retail and Residential
For Sale
$1,250,000
55-61 High Street, Mount Holly, NJ 08060
Four occupied retail storefronts with approved plans for six two-bedroom apartments above.
Property Size13,000 SF
Price / SF$96.15
Days on Market188
Property Features for 55-61 High Street
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
[]
Building Details
Year Built
1970
Listing Agency:
BHHS Fox & Roach-Marlton
Listed By:
Dawn Varallo · License #1329291
(856) 381-7884
Source:
Deepcreeklake
Added: Apr 23
Changed: Oct 26
Last Checked: Oct 26 at 5:21PM
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
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Investment Insights
Based on property information with market context.
55-61 High Street in Mount Holly, NJ is a mixed-use building totaling approximately 13,000 square feet. The property includes four fully occupied commercial storefronts on the street level, with each tenant responsible for their own utilities and expenses. The upper levels are positioned for residential conversion, supported by approved plans for six (6) two-bedroom apartments.
The building is situated on High Street in downtown Mount Holly and includes a rear lot on Brainerd Street. The additional lot provides room for parking and supports access and development flexibility connected to the planned residential use.
For an investor or owner-operator, this setup offers two layers of utility: existing, leased storefront space and an approved residential path above. The combination of current commercial occupancy and permitted apartment plans can appeal to buyers looking to manage both retail operations and a structured conversion effort within the same building footprint.
The building is situated on High Street in downtown Mount Holly and includes a rear lot on Brainerd Street. The additional lot provides room for parking and supports access and development flexibility connected to the planned residential use.
For an investor or owner-operator, this setup offers two layers of utility: existing, leased storefront space and an approved residential path above. The combination of current commercial occupancy and permitted apartment plans can appeal to buyers looking to manage both retail operations and a structured conversion effort within the same building footprint.
Key Highlights
- 13,000 SF mixed‑use building in downtown Mount Holly
- Four fully occupied commercial storefronts with tenants paying their own utilities and expenses
- Upper‑level potential: approved plans for six (6) two‑bedroom residential apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,296
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,205,920
$2.2M
Cap Rate 7%
$1,575,657
$1.6M
Cap Rate 9%
$1,225,511
$1.2M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$205.9K $15.84/SF
− Vacancy
−$29.4K −$2.27/SF
EGI
$176.5K $13.57/SF
− OpEx
−$66.2K −$5.09/SF
NOI
$110.3K $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%
$2,205,920
Cap Rate 7%
$1,575,657
Cap Rate 9%
$1,225,511
Alternative Uses
Best Use
Retail
$2.78M
$2.43M – $3.24M
NOI $194,402 @ 7.0% cap · market cap 15.55%
Second Best
Mixed Use
$1.58M
$1.38M – $1.84M
NOI $110,296 @ 7.0% cap · market cap 8.82%
Theoretical Best
Warehouse
$27.19M
$23.79M – $31.72M
NOI $1,903,248 @ 7.0% cap · market cap 152.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four occupied retail storefronts with approved plans for six two-bedroom apartments above.
Where is this mixed-use property located?
The property is located at 55-61 High Street Mount Holly, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 13,000 SF mixed‑use building in downtown Mount Holly; Four fully occupied commercial storefronts with tenants paying their own utilities and expenses; Upper‑level potential: approved plans for six (6) two‑bedroom residential apartments
