1 Ml St, Bernardsville, NJ 07924-2227
- Commercial real estate
- 9,909 SF
- 0.40 lot acres
Current Use by Public Records
- Ristorante MV / Restaurant
Property Details for 1 Ml St
- Construction
- FRAME
- Lot size
- 0.40 lot acres
- Zone code
- D-CO
- Property type
- Commercial real estate
- APN
- 03 00069-0000-00038
- APU
- 300069000000038
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 11, 2016 | $1,545,000 | Atutmn Leaf Lcc | 1 Mill Street LLC | Deed | $2M · Republic First Bank |
| Apr 2, 2007 | — | 1 Mill Street LLC | — | Trustees Deed · related | $600k · Somerset Hills Bank |
| Feb 20, 2007 | $999,000 | 1 Mill Street LLC | Novello,nicholas SR | Grant Deed | $600k · Nicholas Novello |
Description
This iconic Bernardsville property, located at 1 Mill Street, presents a rare opportunity to acquire a piece of history. Originally constructed in 1849 as The Old Stone Hotel, this three-story building boasts nearly 10,000 square feet of space, meticulously remodeled and revitalized over the years. Major renovations, including exterior stone repointing and a complete interior overhaul, were completed in 2007, with subsequent updates in 2016 and 2021. The property's rich history is evident in its stunning stone façade and charming character, while modern updates ensure functionality and appeal. Currently operating as a multi-floored upscale restaurant offering both formal and casual dining options, this turnkey operation includes a generous private parking area, supplementing the readily available public parking nearby. The property sits on a 0.4-acre lot and benefits from its proximity to the Quimby Lane Redevelopment Plan District, promising future growth and development in the area. The restaurant's expansive interior space is complemented by an outdoor dining area, providing ample seating for patrons. This exceptional property offers a unique blend of historical charm and modern amenities, making it an ideal investment for discerning buyers seeking a high-profile, established business in a vibrant downtown location. The asking price is $3,990,000.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,702,000
Market price range: $1.59M - $3.83M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,045,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bernardsville
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5698
- Latitude
- 40.7192
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
