Property profile

24 S Center St S Merchantville, NJ 08109

FOR SALE
Conventional restaurants
Property ID
US59-Q002988
3,248 SF
Entity Owned 4-yr Hold
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24 S Center St S, Merchantville, NJ 08109 For Sale
$799,000 3,248 SF
24 S Center St S, Merchantville, NJ 08109
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Property summary

AI-generated overview

Located in the heart of Merchantville's downtown district, this versatile mixed-use property offers a great opportunity for investors and owner-operators. The first floor is set up for restaurant use and features a spacious dining area, commercial kitchen, prep area, and two ADA-compliant restrooms. Rooftop HVAC and commercial ventilation systems are already installed for restaurant operations. The property also includes a full basement, providing ample room for storage or additional operational use. The upper level offers a spacious residential apartment with 2 bedrooms, multiple living areas, kitchen equipped with stainless steel appliances. Conveniently situated near Cherry Hill, Collingswood, and Philadelphia, the property benefits from strong visibility, easy accessibility, and close proximity to shopping, dining, and major commuter routes. Ideal for owner-operators, mixed-use investors, or those seeking both residential and commercial income potential.

Property profile

Verified
Property type Conventional restaurants
Total area 3,248 SF
UPID US59-Q002988

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24 S Center St S Merchantville, NJ 08109
Merchantville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2021
2 recorded transactions
2021
$445,000
2019
$385,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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