811 W Main St - Freestanding FOR SALE


Millville, NJ 08332
$875,000 USD
609-501-4162
811 W Main St, Millville, NJ for Sale
$875,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

811 W Main St
Millville, NJ 08332


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

B-1

APN/PARCEL ID

10-00073-0000-00001

ASK ABOUT THIS PROPERTY

Michael DePalmaDePalma RealtyMore Info
609-501-4162

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Michael DePalmaDePalma RealtyMore Info
609-501-4162

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