129-131 High st 129-131 High St - Multi-Family FOR SALE


Mount Holly, NJ 08060
$450,000 USD
609-870-6909
129-131 High st 129-131 High St, Mount Holly, NJ for Sale
$450,000 USD
Multi-Family - FOR SALE
1/19
null | Request Cap Rate

129-131 High st 129-131 High St
Mount Holly, NJ 08060


OVERVIEW

Excellent Investment Opportunity in Downtown Mount Holly Prime location along High Street in the heart of Downtown Mount Holly—directly across from the Burlington County Superior Court and steps from the historic district. This 5,700 sq. ft. three-story building offers outstanding potential with current approvals for 8 private offices and 2 one-bedroom residential apartments, plus a large rear parking area with dual ingress/egress from both Garden Street and High Street. Renovations have already begun, providing a head start for the next owner. The existing plans call for 8 offices and two 1-bedroom units, or buyers may explore rezoning options to increase residential density pending township approval. Property Highlights: -5,700 sq. ft. mixed-use building -Approvals in place for 8 offices + 2 one-bedroom apartments -Multiple entrances and convenient access points -Rear parking lot with entry/exit on Garden St. & High St. -Major renovation work completed, including: -54 new windows throughout -New framing and subfloors -Updated water, sewer, and plumbing lines -Separate electric service -Electrical and plumbing approved for both apartments -First and second floors gutted with new mechanicals run on one side Current Layout Plans: -First Floor: Open foyer, 10 private offices, and 2 restrooms -Second Floor: 4 large offices and a spacious 1-bedroom apartment with both interior and exterior access -Third Floor: Large 1-bedroom apartment overlooking downtown with private stairwell access This is an exceptional opportunity to complete a partially renovated building using the current approved plans or to customize the layout to suit your vision with town approvals. Full architectural plans available upon request.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

10

PRICE/UNIT

$45,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Unit mixed use building under renovation

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1875

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

715 SF

ZONING

Commercial

APN/PARCEL ID

23-00053-0000-00048

ASK ABOUT THIS PROPERTY

Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
609-870-6909

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Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
609-870-6909

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.