Description
PRIME MIXED-USE INVESTMENT OPPORTUNITY13,000± SF | Historic Downtown Mount Holly | Significant Value-Add Potential 55-61 High Street presents a unique opportunity to acquire a substantial 13,000± square foot property in the heart of historic Downtown Mount Holly. The property offers a combination of existing commercial income and significant future residential upside, making it an attractive opportunity for investors, developers, and owner-users. The first floor features four fully occupied commercial storefronts, providing established in-place income from multiple tenants. Tenants are responsible for their own utilities and applicable expenses, helping provide a more predictable operating structure for the owner. The upper levels offer substantial value-add potential, with the building having Plans for six (6) two-bedroom residential apartments. The current owner is also actively pursuing a zoning change to permit mixed-use and multifamily development, which could further enhance the property's redevelopment potential and allow for the proposed residential component. A rear lot on Brainerd Street is included with the property, providing additional flexibility for parking, rear access, outdoor space, or potential future development, subject to applicable approvals. Prime Downtown Mount Holly Location Situated prominently along High Street in the center of Downtown Mount Holly, the property benefits from excellent visibility and proximity to the borough's restaurants, shops, professional services, entertainment, municipal facilities, and other downtown amenities. Mount Holly's historic downtown continues to attract investment and redevelopment, creating an attractive environment for properties that combine commercial and residential uses. The property's location also provides convenient access to major South Jersey roadways and Philadelphia. Investment Highlights13,000± SF propertyFour fully occupied commercial storefrontsEstablished in-place rental incomeTenants pay their own utilities and applicable expensesPreliminary approvals for six (6) two-bedroom apartmentsOwner is pursuing rezoning for mixed-use/multifamily useSignificant potential for additional residential incomeRear lot on Brainerd Street includedPotential for additional parking and rear accessExcellent High Street visibilityLocated in the heart of historic Downtown Mount HollyClose to restaurants, retail, professional services, and entertainmentStrong value-add and redevelopment potentialOpportunity to create a diversified commercial and residential income-producing property 55-61 High Street offers investors the opportunity to acquire a substantial downtown asset with income in place and significant potential for future growth. The combination of existing commercial occupancy, preliminary residential approvals, ongoing efforts to secure mixed-use/multifamily zoning, and the included rear lot creates multiple avenues for increasing the property's income and long-term value.
Details
| MLS # | NJBL2121010 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1970 |
| Days On Site | 8 |
| Listing Provided By | BHHS Fox & Roach-Marlton | Dawn Varallo |
Features
| SQ Feet | 13,000 |
|---|---|
| Units | 4 |
| Zoning | B1 |
| Acreage | 0.12 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 22303 |
|---|
Area Information
| State | NJ |
|---|---|
| County | BURLINGTON NJ |
| City | MOUNT HOLLY |
| Zip Code | 08060 |
| Area | Mount Holly Twp (20323) |
| School District | MOUNT HOLLY TOWNSHIP PUBLIC SCHO |
| Listing VS Median (in 08060) | |
Price: $899,000 low | high Med: $350,000 sqft: 13,000 low | high Med: 2,431 $ / sqft: $69 low | high Med: $144 On site: 8 low | high Med: 196 | |
Market Activity 08060
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Learn More About This Property
| State | NJ |
|---|---|
| County | BURLINGTON NJ |
| City | MOUNT HOLLY |
| Zip Code | 08060 |
| Area | Mount Holly Twp (20323) |
| School District | MOUNT HOLLY TOWNSHIP PUBLIC SCHO |
| Listing VS Median (in 08060) | |
Price: $899,000 low | high Med: $350,000 sqft: 13,000 low | high Med: 2,431 $ / sqft: $69 low | high Med: $144 On site: 8 low | high Med: 196 | |