Views
Listed By:
DePalma Realty
Address
608-616 N High Street N, Millville, NJ
Price
$ 325,000
Property Attributes
  • MLS#NJCB2011586
  • TypePending
  • CountyCUMBERLAND
  • CityMillville
  • AreaMillville City
  • Zip08332
  • StyleMedical,/General Retail,Professional
  • Year Built1990
  • Taxes$ 13621
  • Price$ 325,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6899
  • Lot Size7,841 SqFt
Data Source:
Bright MLS
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.

Price History
3/15/2023 Listed $425,000
4/24/2023 7% - $399,000
9/15/2023 13% - $350,000
10/27/2023 8% - $325,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Roof Shingle
Zoning B-1
Construction Materials Stucco
Exclusions Current tenant personal or business property.
Year Built 1990
View City
Property SubType Office
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
OwnerPays Common Area Maintenance,Insurance,Lawn/Shrub Care,Repairs,Sewer,Taxes - Real Estate,Trash Collection,Water
Business Type Medical,Other/General Retail,Professional
Accessibility 2+ Access Exits,Level Entry - Main
County CUMBERLAND
Operating Expense 34268.50
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Property Use Investment
Status PENDING
Directions GPS.
ModificationTimestamp 2024-03-30T04:07:08
City MILLVILLE
Buyer Agent Compensation 2
Zoning Description Business/Commercial: PROFESSIONAL SERVICES
Total Units 10
MLS Area Millville City (20610)
Lot Size Square Feet 7840.80
Tax Assessed Value 350000.0
Waterfront Y/N No
Street Name HIGH
Tax Annual Amount 13621.0
Property Condition Excellent
Price Per Sq Ft 47.11
Acceptable Financing Cash,Conventional,Other
Vacation Rental Y/N No
Days on Market 383
Location Type Downtown
Standard Status Pending
Year Built Source Assessor
Tax Lot 00001
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas
Flooring Carpet,Ceramic Tile,Laminated
Hot Water Natural Gas
Total Stories 2
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes
Total Restrooms 3

Exterior Features

Parking Features Handicap Parking,Lighted Parking,Paved Parking,Private
Lot Features Corner,Road Frontage
Water Source Public
Inclusions Fixed appliances and utility systems. Parking and fixed items on lot.
Total Parking Spaces 20
Type of Parking Parking Lot,Other
Water View Y/N No
Building Area Total 6899.00
Lot Dimensions 80.00 x 0.00
Lot Size Acres 0.18
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 76000.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor
Car Parking Spaces 20

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 08332

Price
AVG $270K
$330K
Taxes
AVG $4,977
$13,621
Visits
AVG 279
413
Data Provided by Inside Real Estate®
Year Built
AVG 1962
1990
Walkscore
AVG 31
82
Data Provided by Walkscore® not using MLS data

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