Property summary
This exceptional mixed-use property at 103 N High Street, Millville, NJ, presents a unique investment opportunity in a revitalizing downtown area. The 2,700 square foot building, situated on a 0.04-acre lot, underwent a significant renovation in 2019, updating all mechanical systems. The property features a spacious, currently rented, one-bedroom apartment upstairs, generating a monthly income of $950. Downstairs, the main commercial unit boasts impressive high ceilings, hardwood floors, a back office, and a full bathroom. A full basement and additional second-floor flex space offer versatile options for expansion or storage. Currently vacant, the commercial space allows for immediate occupancy and the potential to establish your own business. This turnkey property offers strong cash flow potential while participating in Millville's ongoing downtown redevelopment. The building is being sold as a package with the adjacent 101 N High Street property, another two-unit mixed-use building. This presents a rare chance to acquire a significant presence in a rapidly improving commercial district. The strategic location on High Street, within a block experiencing substantial new development and redevelopment, ensures strong future growth potential. This is an ideal opportunity for an investor seeking both immediate income and long-term appreciation in a thriving New Jersey market.
Property profile
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Millville, NJZoning
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Zoning designation
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The district profile from the municipal source: what is on file for B-3 in Millville, NJ.
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