$875,000
Active
9 Days Online
0 Beds0 Baths0 SQFT
Active

811 W Main Street Millville, NJ 08332

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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 TypeMulti-Family
  • NeighborhoodN/A
  • CountyCumberland
  • Taxes$16,541
  • HOA/Condo/Coop Fees$0
  • Days on Site9 Days
  • MLS StatusActive
  • MLS ID NumberNJCB2020318
  • Home Size Source Estimated
  • Year Built1950
  • Lot Size0.71 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Brick
  • Parking Paved ParkingParking Lot
  • Sewer Public Sewer
  • Number of Stories 2
  • Acreage 0.71
  • Water Public
  • Property Sub Type Multi Family
  • Attached Garage No
  • Zoning B-1

Interior Features

  • Cooling Central A/ CHeat Pump(s)Electric
  • Heating Forced AirHeat Pump(s)Natural GasElectric

Exterior Features

  • Roof FlatMetal
  • View Street
  • Spa No
  • Waterfront Property No

Community Features

  • MLS Area Millville City (20610)

Schools

School District
MILLVILLE AREA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$4,233
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