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    1601 North 2Nd St Millville, NJ 08332

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    For Sale
    Contact for pricing

    Value-add opportunity in improving Southern New Jersey submarket.

    Property size:
    27,463 SF
    Lot size:
    2.65 Acres

    Property Features for 1601 North 2Nd St

    General Information

    Size
    27,463 SF
    Lot size
    2.65 Acres

    Source: Colliers | Mount Laurel Agent Tony DiDio, SIOR

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

    Overview

    Medical/Professional Office Investment Opportunity

    This 27,463 square foot property presents a value-add investment opportunity for medical and professional office use. The property benefits from existing lease stabilization, vacancy lease-up potential, and opportunities for minor property improvements. A new lower assessment adds to the property's appeal. Situated in a strongly improving Southern New Jersey submarket, the property offers a superior highway location and access. The offering is free and clear of debt and available at a discount to replacement cost.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alafia OBGYN Obstetrician-Gynecologist Lieberman Roger D ... Ophthalmologist D'Arrigo Philip MD Obstetrician-Gynecologist Reliant Radiology LLC Radiologist New Jersey Career ... Technical School

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Animal Hospital of Millville, Harold Blumenthal, Petco Vaccination Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Millville
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.0386338
    Latitude
    39.4150534

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    FAQs

    What type of property is this?
    Medical office - Value-add opportunity in improving Southern New Jersey submarket.
    Where is this medical office located?
    The property is located at 1601 North 2Nd St Millville, NJ.
    What are key features of this property?
    This property features: - Superior highway location and access; - Value-add through vacancy lease-up; - Value-add through existing lease stabilization
    (609) 820-5900
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    1601 North 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
    1601 North 2Nd St Millville, NJ 08332
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