1 Mill St - Restaurant FOR SALE


Bernardsville, NJ 07924
$3,990,000 USD
908-303-8507
1 Mill St, Bernardsville, NJ for Sale
$3,990,000 USD
Restaurant - FOR SALE
1/6
null | 4.46% Cap Rate

1 Mill St
Bernardsville, NJ 07924


OVERVIEW

A Historic Olcott Square Landmark, 1 MILL STREET, remodeled & revitalized, has stood the test of time. Originally built in 1849 as The Old Stone Hotel, this iconic stone treasure has hosted generations of patrons, providing lodging, food, libations, and entertainment. At least a dozen operators have occupied the stone and wood three story building in downtown Bernardsville since its inception 175 years ago with major multi-million dollar exterior and interior improvements in 2007 that included the repointing of the stone walls and a top to bottom interior redo. Subsequent remodeling was conducted in 2016 and 2021. The current lessee operates a multi-floored upscale restaurant offering formal and casual dining. With almost 10,000 square feet of space with outdoor dining area, this turnkey property includes generous private parking and is near public parking spaces and the Quimby Lane Redevelopment Plan District! 30 parking spaces.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$458 USD /SF

CAP RATE

4.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1849

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

B1

APN/PARCEL ID

03-00069-0000-00038

ASK ABOUT THIS PROPERTY

Richard BurgstresserTurpin RealtorsMore Info
908-303-8507

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Richard BurgstresserTurpin RealtorsMore Info
908-303-8507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.