184 Main St Milltown, NJ 08850
B-3 Limited Commercial. [ Ord. No. 919 Art. XV, K; Ord. No. 13-1378 § 3; Ord. No. 13-1382 § 3] The following regulations shall apply in the B-3 Limited Commercial Zone: a. Purpose. Commercial districts are established in order to achieve the general goals as stated in Section 34-2 and for the following specific purposes: 1. Encourage the tendency of commerci…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
B-3 · Milltown, NJB-3 Limited Commercial. [ Ord. No. 919 Art. XV, K; Ord. No. 13-1378 § 3; Ord. No. 13-1382 § 3] The following regulations shall apply in the B-3 Limited Commercial Zone: a. Purpose. Commercial districts are established in order to achieve the general goals as stated in Section 34-2 and for the following specific purposes: 1. Encourage the tendency of commercial development to cluster to the mutual advantage of both customers and merchants and thus to promote public convenience, prosperity and welfare. 2. Promote the creation of a service, business and professional oriented commercial environment conveniently located within the community. 3. Encourage a maximization of off-street parking facilities to service the commercial activity. 4. To protect commercial development against congestion as far as is possible and appropriate in each area by limiting the bulk of buildings in relation to the land around them and to one another. 5. Promote aesthetically and visually harmonious development throughout the B-3 District. b. Permitted Principal Uses. 1. Business, professional, governmental or education office. 2. Funeral homes. 3. Single family detached dwellings. c. Permitted Accessory Uses. 1. Those accessory uses permitted in the B-1 Zone. d. Conditional Uses. 1. Public utilities required to provide the direct services of the utility to the consumers such as transformers and pumping stations but excluding warehouses, service or storage and treatment yards. 2. Satellite dish antennas. 3. Churches, synagogues and other similar places of worship. 4. Public and private institutions not operated for profit. 5. Automobile service stations and repair shop. 6. Home Occupations. Customary home occupations, such as but not limited to dressmaking, millinery and home cooking, provided that such occupations shall be conducted solely by resident occupants of the building and that not more than the equivalent of 1/3 of the area of one floor shall be used for such purposes and that no display of products or advertising of any kind shall be visible from the street. No equipment shall be used in such an occupation which is not usually found in the home. Structural or architectural changes shall not be permitted to accommodate the occupation. 7. Home professional offices. 8. Adult book stores. 9. Live entertainment, go-go bars, juice bars and/or cabarets with live entertainment. e. Bulk Regulations. 1. The requirements of this district of lot area and width, yard dimensions, building coverage and height shall be listed in the Bulk Schedule attached and part of this section.
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.