811 W MAIN ST, Millville, NJ 08332 – NJCB2020318 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$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

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Listed by Michael DePalma • DePalma Realty

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262