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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!
| DAYS ON MARKET | 3 | LAST UPDATED | 9/17/2024 |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | Millville City (20610) |
| COUNTY | CUMBERLAND | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| 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 | 16541 |
| VIEW | Yes |
| VIEW DESCRIPTION | Street |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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