Property profile

214 2nd St Millville, NJ 08332

OFF-MARKET
Commercial real estate
Property ID
US59-0013439
1,986 SF 0.1 ac lot Built 1914
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Law Firm

Location

214 2nd St Millville, NJ 08332-6502
Millville metro Census 30100 VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$170k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

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
Price N/A

Zoning & alternative use

B-3 · Millville, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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