608-616 N HIGH ST N Pending Save Request In-Person Tour Request Virtual Tour
Millville,NJ 08332
Key Details
Property Type Commercial
Sub Type Office
Listing Status Pending
Purchase Type For Sale
Square Footage 6,899 sqft
Price per Sqft $47
MLS Listing ID NJCB2011586
Originating Board BRIGHT
Year Built 1990
Annual Tax Amount $13,621
Tax Year 2023
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 80.00 x 0.00
Property Description
HUGE opportunity to own 6,899 square feet of updated, turnkey office space at an incredible price. This well-recognized two-story property is one of the finest office buildings in all of Millville, having been the primary offices for numerous doctors over the years. The property is fully equipped to handle medical or other professional services businesses, has a paved parking lot with proper signage, lighting, and accessibility. The property is also one of the highest trafficked areas in the City, offering incredible visibility to your business or your tenants. There are two downstairs units each with their own bathrooms and reception areas ready to be occupied. In addition, there are 9 designated office spaces (and potentially more) upstairs that could each be rented by individual small businesses, or rent the entire upstairs to a small to medium size third tenant. Upstairs you will find a common area bathroom and kitchen area as well as staircases on each side of the hall. At one point this property was bringing in north of $110,000 a year in rental revenue and requires minimal expenses. The pro forma cap rates are an opportunity that is extremely rare to come by. Not only is the cashflow potential remarkable, but you are buying a large commercial property that, along with commercial growth and development in the City, is very likely to appreciate at a high level moving forward. Prior Income/Expense reports are available on request by serious buyers along with upstairs floorplan. Property will be delivered vacant.
Location
State NJ
County Cumberland
Area Millville City (20610)
Zoning B-1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Carpet,Ceramic Tile,Laminated
Inclusions Fixed appliances and utility systems. Parking and fixed items on lot.
Heat Source Natural Gas
Exterior
Garage Spaces 20.0
Water Access N
View City
Roof Type Shingle
Accessibility 2+ Access Exits,Level Entry - Main
Total Parking Spaces 20
Garage N
Building
Lot Description Corner,Road Frontage
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Millville Board Of Education
Others
Tax ID 10-00313-00001
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Financing Cash,Conventional,Other
Special Listing Condition Standard