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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!
Property Type(s):
Commercial
| Last Updated | 9/17/2024 | Year Built | 1950 |
|---|---|---|---|
| Community | Millville City (20610) | County | CUMBERLAND |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Millville City (20610) |
| CONSTRUCTION | Brick, Brick Veneer |
| HEAT | Electric, Forced Air, Heat Pump, Natural Gas |
| LOT | 0.71 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 197.00 x 157.00 |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 16681 |
| VIEW | Yes |
| VIEW DESCRIPTION | Street |
| WATER | Public |
Location
Listing provided by DePalma Realty
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/9/25 5:21 PM PST
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