NJ
CUMBERLAND
MILLVILLE
08332
129 N HIGH N STREET
129 N HIGH N STREET, MILLVILLE, NJ 08332
Listing Type
multi family
Listing Status
pending
54
$350,000

Home Details for 129 N HIGH N STREET

Price
$350,000
Type
Multi-Family
Bedrooms
0
Bathrooms
0.0
Square feet
4250
Year built
1919
Lot size acres
0.2
County
CUMBERLAND
Garage
Basement
Interior Access
Days on site
163
MLS Listing#
NJCB2017864
Listing courtesy: DePalma Realty - 8568255500
Property Description

5 Unit Mixed Use Commercial building in arguably the best and most strategic location on High St in Downtown Millville, fueled by redevelopment all around and directly across from the amazing Levoy Theater and newly renovated Fath Building. The building is comprised of 3 commercial units downstairs and 2 residential units upstairs. The residential units are a 2 bedroom, 1.5 bathroom unit and a 1 bedroom, 1 bathroom unit. All units, including the commercial spaces, are currently occupied. Downstairs you will find a barber shop in Unit A, an upcycling furniture store called Introducing Vicky, in Unit B, and a photography studio in Unit C. The City Tax assessor does not have actual sqft numbers but each commercial unit is roughly 1000 sqft estimated. Buyers should confirm sqft. The current rent roll is just under $5,000 per month and rents have room to go up. The building is fully electric so all utilities outside of water/sewer are paid by the tenants in the leases. The owner pays taxes, building insurance, and water/sewer. I have a PnL breakdown for interested and qualified buyers. All around this building you will notice revitalization happening, from the Levoy and the Fath to some of the most successful businesses in the Downtown in the first and second block. Millville is slated also to see an increase in the coveted dining sector right around this location in the coming years, further cementing this property as a prime location for commercial tenants moving forward. Whether you are a business owner looking to relocate and have your expenses covered by the other tenants, or a pure investor looking for both a cash flow and appreciation play, this building is definitely worth a look!

Property Features
  • Cooling Information
    • Central A/C
    • Ceiling Fan(s)
    • Wall Unit
  • Heating Information
    • Baseboard - Electric
  • Water Features
    • Public
  • Basement
    • Interior Access
IDX listing information is from various brokers who participate in IDX and provided courtesy of Bright MLS. Property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information contained on this website provided by MRIS is deemed reliable but not guaranteed ©2024 Bright, All Rights Reserved.
Last Updated: 2024-09-21 01:20:36
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Median Listing Price
Median Days on Site
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Market statistics compiled from data from Bright MLS.
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1070 E. Chestnut Ave, Vineland, NJ 08360
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