40 High St - Office/Residential FOR SALE


Mount Holly, NJ 08060
$565,000 USD
856-381-7884
40 High St, Mount Holly, NJ for Sale
$565,000 USD
Office/Residential - FOR SALE
1/7
null | Request Cap Rate

40 High St
Mount Holly, NJ 08060


HIGHLIGHTS

  • Great Exposure
  • Downtown Property
  • Ample Parking

OVERVIEW

Downtown Mount Holly Mixed-Use Investment Opportunity Positioned in the heart of Historic Downtown Mount Holly, 40 High Street presents a rare opportunity to acquire a fully renovated mixed-use asset in one of Burlington County's most established county-seat communities. Combining stable commercial occupancy, residential income, and significant value-add potential, this property is ideally suited for investors seeking dependable cash flow with future upside. Prime Downtown Location Located directly across from and adjacent to the Burlington County Courthouse complex, the property benefits from exceptional visibility and a constant flow of professionals, attorneys, government employees, jurors, residents, and visitors throughout the week. High Street serves as the commercial backbone of Mount Holly's vibrant downtown, offering a walkable environment filled with locally owned restaurants, boutiques, cafés, breweries, financial institutions, and professional offices. Mount Holly continues to experience public and private investment through downtown revitalization efforts, historic building renovations, and an expanding restaurant and retail scene. The property's central location also provides convenient access to major transportation corridors including Route 38, Route 541, Route 206, the New Jersey Turnpike, and Interstate 295, making it easily accessible from Philadelphia, Central New Jersey, and surrounding Burlington County communities. Quality Building with Flexible Layout The property has been extensively renovated and meticulously maintained, offering investors a turnkey asset with minimal deferred maintenance. The building features separate utilities for each floor, independent entrances for the upper-level units, central air conditioning throughout, and flexible floor plans that accommodate multiple tenancy options. The first floor consists of approximately 3,166 square feet of commercial space currently occupied by a successful restaurant, along with additional rear office space and a separate rear entrance that enhances operational efficiency. The second floor offers approximately 1,598 square feet and is currently leased as an apartment while also providing the flexibility to be converted or utilized as professional office space, creating multiple leasing strategies depending on market demand. The third floor features an upgraded 986-square-foot apartment with modern finishes, providing additional residential income. A major advantage of the property is its parking. In addition to available on-site parking, the building backs directly to a large free municipal parking lot, providing abundant parking for restaurant patrons, office users, tenants, and visitors—an amenity rarely found in traditional downtown business districts. Exceptional Investment Opportunity This asset offers investors multiple income streams through a combination of commercial and residential tenants while preserving future upside. The property's flexible zoning and layout provide opportunities to reconfigure existing space, increase rental income, or pursue the creation of an additional residential unit, subject to municipal approvals. With separately metered utilities, diversified tenant mix, limited capital improvement requirements, and a highly desirable downtown location, the property offers an attractive balance of stable cash flow and long-term appreciation potential. Whether held as a long-term investment or repositioned to maximize rental revenue, 40 High Street represents a unique opportunity to own a landmark mixed-use property in one of South Jersey's most active and historically significant downtown districts. Property Highlights Prime mixed-use investment in Historic Downtown Mount Holly Directly adjacent to the Burlington County Courthouse and government offices Approximately 3,166 SF of first-floor commercial space occupied by an established restaurant Approximately 1,598 SF second-floor unit with residential and commercial flexibility Upgraded 986 SF third-floor apartment Potential to create an additional residential unit, subject to approvals Recently renovated and exceptionally well maintained Separate utilities for each floor Separate entrances for residential units Central air conditioning throughout Rear access to the commercial space Abundant free municipal parking directly behind the property Strong combination of current income, tenant diversity, and value-add potential Convenient access to Route 38, Route 541, Route 206, I-295, and the New Jersey Turnpike

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed Use Property

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,912 SF

ZONING

B1

APN/PARCEL ID

23-00047-01-00018

ASK ABOUT THIS PROPERTY

Dawn VaralloBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-381-7884

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Dawn VaralloBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-381-7884

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