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    187 Millburn Ave Millburn, NJ 07041

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    For Lease
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    Multi-level retail center anchored by Trader Joe’s, PetSmart, and CVS.

    Property size:
    1,239 SF
    Lot size:
    8.54 Acres

    Property Features for 187 Millburn Ave

    General Information

    Size
    1,239 SF
    Lot size
    8.54 Acres

    Source: Urban Edge Properties Agent Patricia Zafferese

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

    Overview

    Retail Space in Millburn Center

    Millburn Gateway Center is a multi-level property anchored by Trader Joe’s, PetSmart, and CVS, and features various medical offices, including the Short Hills Surgery Center. The property is located approximately 15 miles from Manhattan in Millburn Township, a residential community in the southwest corner of Essex County, NJ. The property serves the affluent and densely populated communities of Millburn, Short Hills, Vauxhall, and Maplewood. Millburn Ave has 19,186 vehicles per day (2022 Sites USA), providing great visibility. Millburn Gateway Center is easily accessible via the midtown direct line of NJ Transit, the Garden State Parkway, and the New Jersey Turnpike. It is also convenient to Routes 24 and 78. Millburn Township offers a unique mix of upscale, high-end retail in a quaint small town shopping environment. The Mall at Short Hills is located 5 miles to the west of Millburn Gateway Center. Available space is approximately 1239 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Hal E. ... Dentist US 1 Dental ... Dental Laboratory CVS Photo Passport Photo Processor Gary M. Rosenblatt, ... Periodontist Modern Micro Endodontics Endodontist

    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.

    Similar Places Nearby

    Union Crescent Plaza, Union, Millburn Gateway Center

    Location Insight

    • Map
    • Local Demand
    City
    Millburn
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2960284
    Latitude
    40.722612

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    FAQs

    What type of property is this?
    Shopping center - Multi-level retail center anchored by Trader Joe’s, PetSmart, and CVS.
    Where is this shopping center located?
    The property is located at 187 Millburn Ave Millburn, NJ.
    What are key features of this property?
    This property features: - Anchored by high-traffic tenants: Trader Joe’s, PetSmart, and CVS; - Located in affluent and densely populated Millburn Township; - Excellent accessibility via NJ Transit (midtown direct line), Garden State Parkway, New Jersey Turnpike, Routes 24 and 78
    (212) 956-2556
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    187 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
    187 Millburn Ave Millburn, NJ 07041
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