811 W MAIN ST Save Request In-Person Tour Request Virtual Tour
Millville,NJ 08332
Key Details
Sold Price $815,0006.9%
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 10,095 sqft
Price per Sqft $80
MLS Listing ID NJCB2020318
Sold Date
Year Built 1950
Annual Tax Amount $16,681
Tax Year 2024
Lot Size 0.710 Acres
Acres 0.71
Lot Dimensions 197.00 x 157.00
Property Sub-Type Five Or More Units
Source BRIGHT
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)
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