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608-616 N High Street N

MILLVILLE, NJ 08332
  • $325,000
  • STATUS: Active
  • ON SITE: 464 Days
  • MLS #: NJCB2011586
$325,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1990
County:

School Ratings & Info

School District:

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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dekanski Home Selling Team :: RE/MAX 1st Advantage. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-20T23:52:50.84.
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608-616 N High Street N MILLVILLE, NJ 08332

  • Price: $325,000
  • Status: Active
  • On Site: 464 Days
  • MLS #: NJCB2011586
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1990
Built
Neighborhood:
Millville City (20610)
County:
Cumberland
Area:
Millville City (20610)
School District:
Millville Board Of Education
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.
Exterior Features

Construction Materials Stucco Garage YN No Location Type Downtown Lot Features CornerRoad Frontage Parking Features Handicap ParkingLighted ParkingPaved ParkingPrivate Parking Types Parking LotOther Property Condition Excellent Roof Shingle View City Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6899.00 Cooling Central A/C Exclusions Current tenant personal or business property. Flooring CarpetCeramic TileLaminated Heating Forced Air Heating YN Yes Inclusions Fixed appliances and utility systems. Parking and fixed items on lot. Net Square Feet 6899.00

Property Features

Acceptable Financing CashConventionalOther Accessibility Features 2+ Access ExitsLevel Entry - Main Annual Gross Expense 34268.50 Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Municipality MILLVILLE CITY Navigable Water YN N New Construction YN No Number Of Units Total 10 Operating Expense 34268.50 Operating Expense Includes Repair/MaintenanceInsuranceTrashWaterSewerLandscaping Original MLSNumber 802203679046 Owner Pays Common Area MaintenanceInsuranceLawn/Shrub CareRepairsSewerTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 13621.00 Tax Lot 00001 Vacation Rental YN No Water Source Public Zoning B-1 Zoning Description Business/Commercial: PROFESSIONAL SERVICES

Listing courtesy of DePalma Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dekanski Home Selling Team :: RE/MAX 1st Advantage. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-20T23:52:50.84.
 
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The Dekanski Home Selling Team :: RE/MAX 1st Advantage
170 Inman Avenue
Colonia NJ, 07067