284-292 Millburn Ave Millburn, NJ 07041
This exceptional retail opportunity presents 19,600 square feet of space in a prime Millburn Avenue location within a strip center. Currently, 2,500 square feet is available for lease, offering a versatile space ideal for a variety of retail uses. The property boasts a unique feature: a former bank branch with a secure vault, presenting a rare and potentially valuable asset for the right tenant. The building is situated in a densely populated area with exceptionally high household incomes, averaging nearly $180,000. This strategic location offers unparalleled access to a substantial consumer base. Its proximity to the prestigious Mall at Short Hills, less than three miles away, further enhances its desirability and potential for significant foot traffic and brand recognition. Ample parking is provided with 112 spaces available for customers and employees. The property is located in Essex County, offering easy access to major transportation routes and a thriving local community. This is a rare opportunity to secure a high-profile retail space in a highly sought-after location with exceptional demographics and convenient amenities. The available space presents a blank canvas for a discerning tenant seeking to establish or expand their business in a lucrative market. Inquire today to learn more about this exceptional retail property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.