$325,000
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608-616 N High Street N Unit 616 Millville, NJ 08332 Municipality: Millville City
Office
Residence
Beds
3
Baths
6,899
Sq. Ft.
0.18
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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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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MLS#
NJCB2011586
Property Type
Office
Bathrooms
Year Built
1990
Square Feet
6,899
sq. ft
Price per Sq. Ft.
$47.11
Lot Size
0.18
Sewer
Public Sewer
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