231 High Street N

MILLVILLE, NJ 08332

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 3367
    Sqft(Lot)
$475,000

Description

Exceptional investment opportunity! this spacious 6,300 sqft 3-story mixed-use property offers versatility with tenants already in place, you can start earning profits immediately! the first floor features b j roasters (1,500sqft) a staple chicken wing restaurant in downtown millville for the past decades, this includes a commercial kitchen, ample storage, an industrial walk-in freezer, and a seating area to fit twenty people. the 2nd and 3rd upper floors (3,000sqft) include four spacious residential apartments. unit 2b offers 2 bedrooms, 1 bathroom, high ceilings, and an open living area. unit 2a is similar, featuring 2 bedrooms, and 1 bathroom. unit 2b and 2a are both newly renovated, with the space to add a third bedroom. unit 3b features 2 bedrooms and 1 bathroom, while unit 3a has 3 bedrooms and 1 bathroom with a generous living room area, allowing prospective purchasers to add their personal touch and complete this renovation. the rental income is as follows; bj roasters $1,300, unit 2b $1,525, unit 2a $1,350, unit 3b $1,100, unit 3a vacant, a total of $5,275. 2025 fmr in cumberland county for a 2 bedroom is $1,591 and $2,163 for a 3 bedroom. the basement area (1,800sqft) could potentially be used by tenants for storage, another income-generating source for savvy investors. tenant's electric and gas are separately metered, paid by the tenants while the owner pays for water and sewer, adding to the convenience of efficient billing for all units. this property has undergone several recent upgrades, enhancing its value and appeal. notable improvements include a tankless water heater, a new roof installed less than a year ago, and window replacements completed in phases between 2019 and 2022, totaling 27-28 windows. additionally, the commercial unit features upgraded heating and air conditioning systems, including central ac, for year-round comfort. the exterior has 3 parking spots for bj roasters employees and behind the building a 28-car public parking lot is available; featuring 2 handicapped accessible parking spots. this property is being sold as-is, where is condition. situated in the heart of millville’s bustling downtown, this mixed-use property offers a unique opportunity for investors, that won't last. with established tenants providing income and an additional vacant unit ready for transformation, there’s great potential to enhance its value. well-maintained and ideally positioned, this property seamlessly blends commercial viability with residential charm, all within a thriving cultural and economic hub. don’t miss out on this prime investment! contact us today for more details!

  • Property Type

    Multi-Family

  • County

    CUMBERLAND

  • Style

    Other

  • AD ID

    48634948

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Roof : Flat

    Roofing Information

    • Flat

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Baseboard - Hot Water
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1924
    • Structure: Over Storefront
    • New Construction: No
    • Total Units: 4
    • Built: 1924
    • Construction Material: Brick
    • Security System: Smoke Detector,Carbon Monoxide Detector(s),Main Entrance Lock
    • Roof: Flat
    • Architecture: Other
    • Pool/Private: No Pool
    • Roof Type: Flat

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas,Tankless

  • Lot Information

    • Lot Size: 3,367
    • Dimensions: 34.00 x 99.00
    • Lot Size (Acres): 0.08
    • Architectural Style: Other
    • Stories Total: 3
    • Main Square Feet: 3,367

    Property Information

    • SQ ft: 6,300
    • SQ ft (Living Area): 6,300
    • Total Lot SQ ft: 3,367
    • Financing: Cash,Conventional
    • Appx. Lot Dimensions: 34.00 x 99.00
    • Total Acreage: 0.08
    • New Construction: No
    • Type: Other

  • Listing Information

    • Possession: Immediate
    • Days Of Market: 3

  • Tax Information

    • Annual Tax: $8,913
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $227,100

  • Parking Information

    • Parking Features: Paved Parking
    • Parking Type: Parking Lot,On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional
    • Roof: Flat

    Homeowners Association Information

    • Direction: Use GPS

  • School Information

    • School District: MILLVILLE AREA

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas
    • Hot Water: Natural Gas,Tankless

    Location Information

    • Direction: Use GPS
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BuyOwner last updated this listing 02/21/2025 @ 16:05

  • MLS: NJCB2022614
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 3,367 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of MILLVILLE , in zip code 08332, this CUMBERLAND County Other are nearby neighborhoods.