811 W Main Street Millville, NJ 08332
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)