Millville, NJ 08332,608-616 N HIGH ST N
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Millville, NJ 08332,608-616 N HIGH ST N
Millville, NJ 08332,608-616 N HIGH ST N
Millville, NJ 08332,608-616 N HIGH ST N
Millville, NJ 08332,608-616 N HIGH ST N

$260,000

Est. payment /mo

$325,000

20.0%
Est.Price: ?

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608-616 N HIGH ST N Millville, NJ 08332

6,899 SqFt

SOLD DATE : 12/17/2024

Key Details

Sold Price $260,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 6,899 sqft

Price per Sqft $37

MLS Listing ID NJCB2011586

Year Built 1990

Annual Tax Amount $13,621

Tax Year 2023

Lot Size 7,840 Sqft

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.

Location

State NJ

County Cumberland

Area Millville City (20610)

Zoning B-1

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Carpet, Ceramic Tile, Laminated

Exterior

Garage Spaces 20.0

Water Access N

View City

Roof Type Shingle

Building

Lot Description Corner, Road Frontage

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Millville Board Of Education

Others

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Michael DePalma • DePalma Realty
Bought with Hader Rivas Sr. • EXP Realty, LLC

Jason Gareau

Broker

+1(609) 929-4486

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