811 W MAIN ST Active Save Request In-Person Tour Request Virtual Tour
Millville,NJ 08332
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,095 sqft
Price per Sqft $86
MLS Listing ID NJCB2020318
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $16,541
Tax Year 2023
Lot Size 0.710 Acres
Acres 0.71
Lot Dimensions 197.00 x 157.00
Property Description
Stabilized, Mixed-use 6-Unit Commercial building in a high traffic location in growing Millville, NJ! This investment opportunity is 100% occupied with fantastic tenants on long term leases. All lease information is available to qualified buyers. This property is situated on W Main St, diagonal from the Sharp St Wawa and down the Road from the nearest Dunkin Donuts. It is a high traffic corridor between Millville and Bridgeton points, as well as a well traveled road out to the Millville Executive Airport. Listed at an impressive 9% cap rate, this turnkey investment opportunity is your way into the growing economy in Millville, bolstered by a developing Downtown, Riverfront, and by the Trout National Golf Course being built just 15 minutes away. The property consists of 5 commercial units and one 3 bedroom, 2 full bathroom apartment. The apartment has been completely renovated and is one of the nicest units available in Millville. The 5 commercial locations are anchored by the Women, Infants, & Children Center (WIC) and a large eat-in Mexican restaurant (on a 5 year lease). The remaining three units are very large sized retail locations with plenty of parking. This property is extremely well-taken care of by the owner and the tenants, and will take very little if any maintenance outside of the routine. Pair that with great tenants and a growing area and you have the recipe for the perfect long-term hold. You do not want to miss out on this chance to own a secure, occupied and moneymaking building in Millville! Call for any inquiries!
Location
State NJ
County Cumberland
Area Millville City (20610)
Zoning B-1
Interior
Hot Water Natural Gas,Electric
Heating Forced Air,Heat Pump(s)
Cooling Central A/C,Heat Pump(s)
Inclusions All fixed items, appliances, and utility systems owned by the landlord.
Heat Source Natural Gas,Electric
Exterior
Garage Spaces 28.0
Waterfront N
Water Access N
View Street
Roof Type Flat,Metal
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 28
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Millville Area
Others
Tax ID 10-00073-00001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Financing Cash,Conventional,Other
Special Listing Condition Standard