129 N HIGH ST N, Millville, NJ 08332 - MLS#NJCB2017864

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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

$350,000

Est. payment - /mo

4,250 SqFt

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UPDATED:

10/31/2024 01:16 PM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 4,250 sqft

Price per Sqft $82

MLS Listing ID NJCB2017864

Style Other

Abv Grd Liv Area 4,250

Originating Board BRIGHT

Year Built 1919

Annual Tax Amount $8,550

Tax Year 2023

Lot Size 8,747 Sqft

Acres 0.2

Lot Dimensions 53.00 x 165.00

Property Description

5 Unit Mixed Use Commercial building in arguably the best and most strategic location on High St in Downtown Millville, fueled by redevelopment all around and directly across from the amazing Levoy Theater and newly renovated Fath Building. The building is comprised of 3 commercial units downstairs and 2 residential units upstairs. The residential units are a 2 bedroom, 1.5 bathroom unit and a 1 bedroom, 1 bathroom unit. All units, including the commercial spaces, are currently occupied. Downstairs you will find a barber shop in Unit A, an upcycling furniture store called Introducing Vicky, in Unit B, and a photography studio in Unit C. The City Tax assessor does not have actual sqft numbers but each commercial unit is roughly 1000 sqft estimated. Buyers should confirm sqft. The current rent roll is just under $5,000 per month and rents have room to go up. The building is fully electric so all utilities outside of water/sewer are paid by the tenants in the leases. The owner pays taxes, building insurance, and water/sewer. I have a PnL breakdown for interested and qualified buyers. All around this building you will notice revitalization happening, from the Levoy and the Fath to some of the most successful businesses in the Downtown in the first and second block. Millville is slated also to see an increase in the coveted dining sector right around this location in the coming years, further cementing this property as a prime location for commercial tenants moving forward. Whether you are a business owner looking to relocate and have your expenses covered by the other tenants, or a pure investor looking for both a cash flow and appreciation play, this building is definitely worth a look!

Location

State NJ

County Cumberland

Area Millville City (20610)

Zoning B-3

Rooms

Basement Interior Access

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Central A/C, Ceiling Fan(s), Wall Unit

Inclusions Seller owned fixed items, appliances, and utility systems.

Fireplace N

Heat Source Electric

Exterior

Waterfront N

Water Access N

Roof Type Flat,Shingle

Accessibility None

Parking Type On Street

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Millville Board Of Education

Others

Tax ID 10-00415-00027

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

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Listed by Michael DePalma • DePalma Realty

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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