• 129 N High Street N N MILLVILLE, NJ 08332

  • $350,000
  • 0
    Bed(s)
  • 0
    Baths
  • 0
    Sq Ft
  • 8747
    Sqft

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!

Property Type :

Multi-Family

County :

CUMBERLAND

Style :

Multi-Family

Sell a home like this and save $20,501 Find Out How

Property Details

 

Water/Sewer

Water Source : Public

Interior Features

Roof : Flat,Shingle

Basement Description: Interior Access

Roofing Information

Flat,Shingle

Heating & Cooling

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

Heating: Baseboard - Electric

Cooling Fuel: Electric

Heating Fuel: Electric

Building Information

Year Built: 1919

Structure: Over Storefront

New Construction: No

Total Units: 2

Built: 1919

Construction Material: Brick

Roof: Flat,Shingle

Foundation/Basement: Stone

Architecture: Other

Pool/Private: No Pool

Roof Type: Flat,Shingle

Pool Information

Pool: No Pool

Utility Features

Sewer: Public Sewer

Water

Water Heat: Electric

Lot Information

Lot Size: 8,747

Dimensions: 53.00 x 165.00

Lot Size (Acres): 0.20

Architectural Style: Other

Stories Total: 2

Main Square Feet: 8,747

Property Information

SQ ft: 4,250

SQ ft (Living Area): 4,250

Total Lot SQ ft: 8,747

Financing: Cash,Conventional,Other

Appx. Lot Dimensions: 53.00 x 165.00

Total Acreage: 0.20

New Construction: No

Type: Other

Listing Information

Possession: Settlement

Days Of Market: 2

Tax Information

Annual Tax: $8,550

Tax Year: 2023

Total Taxes Payment Frequency: Quarterly

Possession

Settlement

Assessment Information

Taxes Assessment Amount: $219,700

Parking Information

Parking Type: On Street

Has Garage: N

Multi-Unit Information

Acceptable Financing: Cash,Conventional,Other

Roof: Flat,Shingle

Homeowners Association Information

Direction: GPS

School Information

School District: MILLVILLE BOARD OF EDUCATION

Utility Information

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: Electric

Heating Fuel: Electric

Hot Water: Electric

Location Information

Direction: GPS

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1515 E Buckshutem Road , Millville, NJ,08332 $55,000 -- -- 152,024 152024 Sqft
500 Columbia Avenue , Millville, NJ,08332 $1,200,000 -- -- 292,288 292287.6 Sqft
433 Poplar Road , Millville, NJ,08332 $6,500 -- -- 10,149 10149 Sqft
143 Twilight Road , Millville, NJ,08332 $12,500 -- -- 20,473 20473.2 Sqft
7007 Charles Place , Millville, NJ,08332 $6,500 -- -- 0 --
Carpenter Avenue , Millville, NJ,08332 $10,000 -- -- 22,216 22216 Sqft
16 E Buckshutem Rd Rd .., Millville, NJ,08332 $20,000 -- -- 22,000 22000 Sqft
353 Beaver Drive , Millville, NJ,08332 $10,000 -- -- 0 --
Ramah Road , Millville, NJ,08332 $6,000 -- -- 14,810 14810 Sqft
Dwyer Avenue , Millville, NJ,08332 $6,000 -- -- 11,326 11326 Sqft

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 05/06/2024 @ 13:01

MLS: NJCB2017864
LISTED BY: Michael DePalma , DePalma Realty
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $20,501 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion