Thank you
Michael Depalma
DePalma Realty
856-825-5500
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!
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Water Source : Public
Roof : Flat,Shingle
Basement Description: Interior Access
Flat,Shingle
Cooling: Central A/C,Ceiling Fan(s),Wall Unit
Heating: Baseboard - Electric
Cooling Fuel: Electric
Heating Fuel: Electric
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: No Pool
Sewer: Public Sewer
Water Heat: Electric
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
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
Possession: Settlement
Days Of Market: 2
Annual Tax: $8,550
Tax Year: 2023
Total Taxes Payment Frequency: Quarterly
Settlement
Taxes Assessment Amount: $219,700
Parking Type: On Street
Has Garage: N
Acceptable Financing: Cash,Conventional,Other
Roof: Flat,Shingle
Direction: GPS
School District: MILLVILLE BOARD OF EDUCATION
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Direction: GPS
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 |
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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.