424 N 3rd St Millville, NJ 08332

Listing office DePalma Realty l***@gmail.com Show Phone

Listing date Jan 9, 2024

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Investment Insights

Based on property information with market context.

Three parcels are being sold together, totaling approximately 7,500 square feet. The lots are located at the corner of North 3rd Street (CR-555) and East Oak Street. The property, identified as Block 360, Lots 1, 3, and 4, is within a newly rezoned “Downtown Commercial” District. The zoning allows for live/work units, offices, retail spaces, restaurants, artist studios, galleries, and parking lots. A building of up to 4 floors, or approximately 20,000 square feet, can be constructed. The property is located within an Urban Enterprise Zone and a Neighborhood Revitalization Tax Credit Zone. The surrounding neighborhood is rapidly redeveloping, with strong sales and rentals. All utilities, including electric, gas, cable, water, and sewer, are available at the sidewalk. The location is within walking distance of the Arts District, shopping, dining, services, entertainment, parks, and a boating ramp. It is a 4-minute drive to a regional mall and on/off ramps for NJ-55 Highway, providing access to Philadelphia and NJ beaches within 40 minutes. Confirm all specifications of your projected use with the Millville City Zoning Department.

Key Highlights

• Prime location at the corner of North 3rd St and East Oak St in a rapidly redeveloping neighborhood.
• Zoned "Downtown Commercial" allowing for diverse uses: live/work units, offices, retail, restaurants, artist studios, gallery, parking lot.
• Potential to build up to 4 floors / approximately 20,000 S.F.

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FAQs

What type of property is this?

Commercial land - Three parcels totaling 7,500 SF in redeveloping neighborhood.

Where is this commercial land located?

The property is located at 424 N 3rd St Millville, NJ.

What is the asking price?

The asking price for this property is $60,000.

What are key features of this property?

This property features: Prime location at the corner of North 3rd St and East Oak St in a rapidly redeveloping neighborhood.; Zoned "Downtown Commercial" allowing for diverse uses: live/work units, offices, retail, restaurants, artist studios, gallery, parking lot.; Potential to build up to 4 floors / approximately 20,000 S.F.