73 Washington St - Apartments FOR SALE


Mount Holly, NJ 08060
$10,800,000 USD
201-953-9532
73 Washington St, Mount Holly, NJ for Sale
$10,800,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

73 Washington St
Mount Holly, NJ 08060


HIGHLIGHTS

  • Premier Adaptive Reuse Warehouse completed in 2020
  • 30 Year Tax PILOT Extremely Affordable
  • Luxury Loft-Style New Units with 12-15 Feet Ceilings Studio to Two-Bedroom Layouts w/ Select Dens
  • 100% Market-Rate No Rent Control Ordinance in Mount Holly Township
  • 1 Min Walk to Nearby Bus Stop with Direct Service to Philadelphia
  • Strong Regional Connectivity Access to I-295, NJ Turnpike, and Route 38

OVERVIEW

Turbine Lofts is Mount Holly’s premier adaptive reuse residential community, completed in 2020 and designed to blend historic character with modern living. The property comprises 36 loft-style apartments with a unit mix ranging from studios to two-bedroom layouts, including select residences with dens. Residences are appointed with modern features such as in-unit laundry, large kitchens with granite countertops, stainless steel appliances, dishwashers and microwaves, hardwood flooring, walk-in closets, and oversized windows that maximize natural light. Additional conveniences include wall-mounted air conditioning, high-speed internet access, cable-ready connections, heating, and smoke-free living. Notably, the property is not subject to rent control, providing investors with long-term flexibility in rental strategy and income growth. Strategically located in the heart of Mount Holly, Turbine Lofts offers walkable access to downtown dining, cafés, and cultural destinations such as Mill Race Village. The nearest NJ Transit bus stop is within a one-minute walk, providing direct service to regional rail and Philadelphia in under an hour. The property also benefits from quick connections to Interstate 295, the New Jersey Turnpike, and Route 38, ensuring seamless regional mobility. Major employers including Virtua Health, UPS, Burlington County government offices, and Rowan College at Burlington County are all within a short drive, reinforcing the property’s appeal as a highly connected residential destination with strong lifestyle and employment access. For additional information, please visit: https://turbine.hudsonatlantic.com

FOR SALE DETAILS

PRICE

$10,800,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

36

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turbine Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

B1

APN/PARCEL ID

23-00044-0000-00016

ASK ABOUT THIS PROPERTY

Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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