NJ > Millville
Millville, NJ 08332,811 W MAIN ST
Millville, NJ 08332,811 W MAIN ST
Millville, NJ 08332,811 W MAIN ST
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Pelin Basiliko

Pelin Basiliko

+1(703) 609-7679
$875,000
Est. payment /mo
10,095 SqFt
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UPDATED:

09/20/2024 02:17 AM

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

Water Access N

View Street

Roof Type Flat,Metal

Accessibility None

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

Read Less Info
Bright MLS (BMLS)
Listed by Michael DePalma • DePalma Realty

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Pelin Basiliko

+1(703) 609-7679

Agent | License ID: MD:5003181 VA: 0225249748

Agent License ID: MD:5003181 VA: 0225249748

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