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    214 2Nd St Millville, NJ 08332

    Sponsored
    For Sale
    $185,000

    Two-unit building, high rental income potential.

    Property size:
    1,986 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, located at 214 N 2nd Street in Millville, NJ, presents a compelling investment opportunity. The 1,986 square foot building sits on a 0.1-acre lot and is currently configured as two separate units, both of which have enjoyed consistent tenant occupancy for over a year. Zoned B3 Commercial, this versatile property offers a wide array of potential uses. Imagine establishing your professional office space here – the possibilities are extensive and include, but are not limited to, attorney offices, medical practices (doctors, dentists), real estate agencies, insurance businesses, or even a daycare center. The flexibility of the layout allows for diverse operational strategies. You could occupy the ground floor for your business and rent out the second floor for additional income, utilize both floors as rental units for a strong investment portfolio, or even live upstairs while operating your business downstairs. The asking price is $185,000. Please note that interior photographs were taken before the current tenants moved in. This property's strong rental history and prime commercial zoning make it an ideal addition to any investment portfolio. Don't miss this chance to acquire a well-maintained, income-generating asset in a thriving location.

    Property Features for 214 2Nd St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,986 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1914
    Property Profile Location Intelligence

    Current Use by Public Records

    Ferrigno Cherylann Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millville
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.03727
    Latitude
    39.39779

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    FAQs

    What type of property is this?
    Mixed-use property - Two-unit building, high rental income potential.
    Where is this mixed-use property located?
    The property is located at 214 2Nd St Millville, NJ.
    What is the asking price?
    The asking price for this property is $185,000.
    (856) 691-0091
    Request Owner's contact information
    214 2Nd St Millville, NJ 08332
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    Millville, NJ 08332
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    214 2Nd St Millville, NJ 08332
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