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Listed by Dawn Varallo • BHHS Fox & Roach-Marlton
$1,250,000
Est. payment /mo
5,097 Sqft Lot
Price Dropped by $180K
55--61 HIGH ST Mount Holly, NJ 08060
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJBL2113284
Year Built 1970
Annual Tax Amount $22,303
Tax Year 2025
Lot Size 5,097 Sqft
Acres 0.12
Lot Dimensions 75.00 x 68.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
PRIME MIXED-USE INVESTMENT OPPORTUNITY
13,000± 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 Highlights
13,000± SF property
Four fully occupied commercial storefronts
Established in-place rental income
Tenants pay their own utilities and applicable expenses
Preliminary approvals for six (6) two-bedroom apartments
Owner is pursuing rezoning for mixed-use/multifamily use
Significant potential for additional residential income
Rear lot on Brainerd Street included
Potential for additional parking and rear access
Excellent High Street visibility
Located in the heart of historic Downtown Mount Holly
Close to restaurants, retail, professional services, and entertainment
Strong value-add and redevelopment potential
Opportunity 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.
13,000± 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 Highlights
13,000± SF property
Four fully occupied commercial storefronts
Established in-place rental income
Tenants pay their own utilities and applicable expenses
Preliminary approvals for six (6) two-bedroom apartments
Owner is pursuing rezoning for mixed-use/multifamily use
Significant potential for additional residential income
Rear lot on Brainerd Street included
Potential for additional parking and rear access
Excellent High Street visibility
Located in the heart of historic Downtown Mount Holly
Close to restaurants, retail, professional services, and entertainment
Strong value-add and redevelopment potential
Opportunity 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.
Location
State NJ
County Burlington
Area Mount Holly Twp (20323)
Zoning B1
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Water Access N
Accessibility None
Total Parking Spaces 12
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Mount Holly Township Public Schools
Others
Tax ID 23-00050-00007
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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