Mixed-Use Retail and Apartment
For Sale
$599,999
644 Cooper Street, Beverly, NJ 08010
Two-story mixed-use building with retail, flexible rear commercial space, and a second-floor 1-bedroom apartment.
Property Size2,700 SF
Lot Size0.51 Acres
Price / SF$222.22
Days on Market58
Property Features for 644 Cooper Street
General Information
Standard status
Active
Size
2,700 SF
Lot size
0.51 Acres
Property subtype
Commercial
Additional Details
Multifamily Units
1
Building Details
Year Built
2018
Stories
2
Listing Agency:
WEICHERT CO REALTORS
(732) 254-1700
Listed By:
SHWETA PATIL
Source:
Corcoran
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 5 at 5:38AM
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 WEICHERT CO REALTORS
Investment Insights
Based on property information with market context.
This two-story, three-unit mixed-use property includes a front retail unit with a commercial kitchen and basement storage, suitable for a convenience store, restaurant, or other food-service concept. The rear commercial unit provides flexible space that can be used for office, salon, or service-oriented operations. The second floor is a 1-bedroom apartment, creating the option for rental income or owner occupancy.
The building is located at 644 Cooper Street in Beverly, New Jersey, on a 0.51-acre commercial lot. The public remarks note convenient proximity to the train station. There may be potential for rear development along Railroad Avenue, subject to approvals.
For tenants or owner-users, the layout supports running a retail or food-service business on the ground level with additional commercial and residential space in the same property. For investors, the combination of ground-floor commercial use and a second-floor apartment offers a built-in mix of income-producing components, while the rear unit’s versatility can support a range of professional or personal service users, depending on fit and approvals.
The building is located at 644 Cooper Street in Beverly, New Jersey, on a 0.51-acre commercial lot. The public remarks note convenient proximity to the train station. There may be potential for rear development along Railroad Avenue, subject to approvals.
For tenants or owner-users, the layout supports running a retail or food-service business on the ground level with additional commercial and residential space in the same property. For investors, the combination of ground-floor commercial use and a second-floor apartment offers a built-in mix of income-producing components, while the rear unit’s versatility can support a range of professional or personal service users, depending on fit and approvals.
Key Highlights
- 2018‑built, two‑story 3‑unit mixed‑use property with approx. 2,700 sq. ft. on a 0.51‑acre commercial lot
- Front unit includes retail space, a commercial kitchen, and basement storage
- Rear commercial unit offers flexible space for office, salon, or service use
Financial Insights For Retail
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 | $60.6k | $22.44 |
| − Vacancy | −$2.9k | −$1.08 |
| EGI | $57.7k | $21.36 |
| − OpEx | −$17.3k | −$6.41 |
| NOI | $40.4k | $14.95 |
2,700 SF · lease $22.44/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$576.8K
$504.7K – $672.9K
NOI $40,376 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$505.2K
$442.1K – $589.4K
NOI $35,364 @ 7.0% cap · market cap 5.89%
Theoretical Best
Warehouse
$5.65M
$4.94M – $6.59M
NOI $395,290 @ 7.0% cap · market cap 65.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 08010, NJ
11,555
Population
4,995
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
3,210
Density / Sq Mi
$85,285
Median Household Income
$48,077
Median Earnings
$1,472
Median Rent
$227,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-story mixed-use building with retail, flexible rear commercial space, and a second-floor 1-bedroom apartment.
Where is this retail space located?
The property is located at 644 Cooper Street Beverly, NJ.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 2018‑built, two‑story 3‑unit mixed‑use property with approx. 2,700 sq. ft. on a 0.51‑acre commercial lot; Front unit includes retail space, a commercial kitchen, and basement storage; Rear commercial unit offers flexible space for office, salon, or service use
