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    OFF-MARKET
    Commercial real estate

    214 2nd St, Millville, NJ 08332-6502

    1,986 SF 0.1 ac lot Built 1914
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US59-0013439
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 214 N 2nd Street in Millville, NJ, presents a compelling investment opportunity. The 1,986 square foot building sits on a 0.1-acre lot and is currently configured as two separate units, both of which have enjoyed consistent tenant occupancy for over a year. Zoned B3 Commercial, this versatile property offers a wide array of potential uses. Imagine establishing your professional office space here – the possibilities are extensive and include, but are not limited to, attorney offices, medical practices (doctors, dentists), real estate agencies, insurance businesses, or even a daycare center. The flexibility of the layout allows for diverse operational strategies. You could occupy the ground floor for your business and rent out the second floor for additional income, utilize both floors as rental units for a strong investment portfolio, or even live upstairs while operating your business downstairs. The asking price is $185,000. Please note that interior photographs were taken before the current tenants moved in. This property's strong rental history and prime commercial zoning make it an ideal addition to any investment portfolio. Don't miss this chance to acquire a well-maintained, income-generating asset in a thriving location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1914
    Construction BRICK
    Total area 1,986 SF
    Lot 0.1 ac (4,430 SF)
    Zoning code B-3
    APN 10 00412-0000-00020
    UPID US59-0013439
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ferrigno Cherylann Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Second Street Katz LLC · 4 yrs held
    Second Street Katz LLC
    since 2022
    Last sale
    $185,000
    7 recorded transactions
    2022
    $147,500
    2006
    $165,000
    2005
    $165,000
    2004
    $100
    2004
    $58,000
    1999
    $60,000
    1969
    Zoning & alternative use
    B-3 · Millville, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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