Three-Story Bar and
For Sale
$1,600,000
123 123-127 High St N, Millville, NJ 08332
Operating hospitality property with a commercial kitchen, beer garden, liquor license, and four residential apartments.
Property Size6,000 SF
Price / SF$266.67
Days on Market61
Property Features for 123 123-127 High St N
General Information
Standard status
Active
Size
6,000 SF
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Road Access
Yes
Multifamily Units
4
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
S. Kelly Real Estate LLC
Listed By:
Jacqueline Capoferri · License #1541079
(856) 332-8583
Source:
Tbhteam
Added: Aug 17
Changed: Oct 9
Last Checked: Oct 7 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of S. Kelly Real Estate LLC
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Investment Insights
Based on property information with market context.
The offering combines 123 and 127 N. High Street as a 6,000-square-foot, three-story hospitality property with an established bar and restaurant operation. The sale includes the real estate, business, liquor license, furniture, fixtures, and equipment where applicable. Interior improvements include bar and dining areas, a commercial kitchen with prep and beverage stations, storage, cooking equipment, a walk-in beer cooler, freezer, and owned ice machine. An all-season beer garden adds a 12-seat outdoor bar and 16 tables, while four residential apartments provide an additional component to the property.
Located in Downtown Millville, the property sits across from a regional year-round theater and benefits from nearby public parking. The bar includes 36 draft beer taps and a Micro Matic dispensing system. The combined properties were built in 1900 and are being offered with the operating business and residential units. Additional business information requires execution of a confidentiality or non-disclosure agreement, and the buyer is responsible for due diligence concerning operations and liquor license transfer requirements.
Located in Downtown Millville, the property sits across from a regional year-round theater and benefits from nearby public parking. The bar includes 36 draft beer taps and a Micro Matic dispensing system. The combined properties were built in 1900 and are being offered with the operating business and residential units. Additional business information requires execution of a confidentiality or non-disclosure agreement, and the buyer is responsible for due diligence concerning operations and liquor license transfer requirements.
Key Highlights
- Combined 123 and 127 N. High Street properties offered together
- 6,000‑square‑foot, three‑story building constructed in 1900
- Four residential apartments included with the commercial operation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,065
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,300
$1.7M
Cap Rate 7%
$1,200,929
$1.2M
Cap Rate 9%
$934,056
$934.1K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$117.0K $19.50/SF
− Vacancy
−$4.9K −$0.82/SF
EGI
$112.1K $18.68/SF
− OpEx
−$28.0K −$4.67/SF
NOI
$84.1K $14.01/SF
Area
Cumberland County, NJ
Vacancy
4.20%
Lease Rate
$19.50 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,300
Cap Rate 7%
$1,200,929
Cap Rate 9%
$934,056
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,065 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$1.03M
$897.9K – $1.20M
NOI $71,830 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$9.01M
$7.88M – $10.51M
NOI $630,634 @ 7.0% cap · market cap 39.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 08332, NJ
35,396
Population
15,063
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
86%
High-School Grad
104.5 sq mi
ZIP Area
339
Density / Sq Mi
$65,825
Median Household Income
$39,595
Median Earnings
$1,223
Median Rent
$195,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Similar Off Market Nearby
- Rail Road Tavern — 334 s 3rd st, millville, nj 08332
- Old Oar House Irish Pub — 123 N High St, Millville, NJ 08332
- Bojo's Ale House — 222 N High St, Millville, NJ 08332
- Mission Spirits Distillery — 215 Buck St, Millville, NJ 08332
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating hospitality property with a commercial kitchen, beer garden, liquor license, and four residential apartments.
Where is this bar & pub located?
The property is located at 123 123-127 High St N Millville, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Combined 123 and 127 N. High Street properties offered together; 6,000‑square‑foot, three‑story building constructed in 1900; Four residential apartments included with the commercial operation
