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    397 Millburn Ave Millburn, NJ 07041

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    For Lease
    Contact for pricing

    New retail space at the gateway to downtown Millburn.

    Property size:
    4,000 SF
    Lot size:
    1.53 Acres

    Property Features for 397 Millburn Ave

    General Information

    Size
    4,000 SF
    Lot size
    1.53 Acres

    Source: Newmark | Rutherford Agent Glenn Beyer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Luxury Development

    This is a 4,000-square-foot retail space situated at The Harth, a new luxury boutique residential development. The property is positioned at the gateway to downtown Millburn and offers highly visible retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Harth Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Millburn
    County
    Essex
    State
    New Jersey
    Longitude
    -74.3113024
    Latitude
    40.7229334

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    FAQs

    What type of property is this?
    Retail space - New retail space at the gateway to downtown Millburn.
    Where is this retail space located?
    The property is located at 397 Millburn Ave Millburn, NJ.
    What are key features of this property?
    This property features: - New retail space, perfect for your business.; - Gateway to downtown Millburn location, offering great access.; - Highly visible, ensuring maximum exposure.
    (201) 842-6700
    Request Owner's contact information
    397 Millburn Ave Millburn, NJ 07041
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    Millburn, NJ 07041
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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
    397 Millburn Ave Millburn, NJ 07041
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