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129 N High Street N

Millville, NJ 08332

– beds
– baths
4,250 sqft
8,747 sqft lot
$82 per sqft
1919 build

5 Unit Mixed Use Commercial building in arguably the best and most strategic location on High St in Downtown Millville, fueled by redevelopment all around and directly across from the amazing Levoy Theater and newly renovated Fath Building. The building is comprised of 3 commercial units downstairs and 2 residential units upstairs. The residential units are a 2 bedroom, 1.5 bathroom unit and a 1 bedroom, 1 bathroom unit. All units, including the commercial spaces, are currently occupied. Downstairs you will find a barber shop in Unit A, an upcycling furniture store called Introducing Vicky, in Unit B, and a photography studio in Unit C. The City Tax assessor does not have actual sqft numbers but each commercial unit is roughly 1000 sqft estimated. Buyers should confirm sqft. The current rent roll is just under $5,000 per month and rents have room to go up. The building is fully electric so all utilities outside of water/sewer are paid by the tenants in the leases. The owner pays taxes, building insurance, and water/sewer. I have a PnL breakdown for interested and qualified buyers. All around this building you will notice revitalization happening, from the Levoy and the Fath to some of the most successful businesses in the Downtown in the first and second block. Millville is slated also to see an increase in the coveted dining sector right around this location in the coming years, further cementing this property as a prime location for commercial tenants moving forward. Whether you are a business owner looking to relocate and have your expenses covered by the other tenants, or a pure investor looking for both a cash flow and appreciation play, this building is definitely worth a look!

Listing courtesy of BRIGHT / DePalma Realty

Last checked: Checking… • Last updated Apr 26, 2024 •

MLS# NJCB2017864 —

The Building

Year Built:

1919
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick
Structure Type:

Over Storefront
Architectural Style:

Other
Building Levels:

2
Building Units Total:

2
Roof:

Flat, Shingle
Accessibility Features:

None
Foundation Details:

Stone
Basement:

Yes
Basement Type:

Interior Access
Building Winterized:

No
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor

Interior

Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

4250
Living Area SqFt:

4,250 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional, Other
Possession:

Settlement

Location

Directions:

GPS
Latitude:

39.39692000
Longitude:

-75.03832000

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.20
Lot Size Source:

Assessor
Lot Size Dimensions:

53.00 x 165.00
Lot Dimensions Source:

Assessor
Lot SqFt:

8,747 Sqft
Inclusions:

Seller owned fixed items, appliances, and utility systems.
Zoning:

B-3
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

10-00415-00027
Tax Year:

2023
Tax Lot:

00027
Tax Annual Amount:

$8,550
Tax Assessed Value:

$219,700
Year Assessed:

2023
Total Taxes Payment Frequency:

Quarterly

The Listing

Transaction Broker Compensation:

2.5
Buyer's Brokerage Compensation:

2.5%
Buyer's Brokerage Compensation:

-150%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Combination

Heating & Cooling

Cooling Type:

Central A/C, Ceiling Fan(s), Wall Unit
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Baseboard - Electric
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

Millville Board Of Education
School District Source:

Listing Agent

The Community

Pool:

No Pool
Municipal Trash:

Yes
Cap Rate:

11.68

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No
Units Furnished:

None
One Bedroom Units:

1
Two Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/25/24 Apr 25, 2024	Listed / Active	BRIGHT	$350,000

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This multifamily located in Millville, NJ 08332 is currently for sale for $350,000. 129 N High Street N is a 4,250 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Rd Wood Elementary School, Memorial High School, Millville Senior High School, and Lakeside Middle School.

Listing Courtesy of: BRIGHT and DePalma Realty.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.