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Property profile & analytics
FOR LEASE
Commercial real estate

321 Millburn Ave Millburn, NJ 07041

0.35 ac lot Built 1940
Entity Owned 12-yr Hold Free & Clear
Property ID
US59-3160405
Property summary
AI-generated overview

This exceptional 570-square-foot office space is ideally situated in the heart of downtown Millburn, New Jersey. Its prime location offers unparalleled convenience, being just steps away from the Millburn train station, providing effortless access to major transportation hubs. The property is part of a meticulously maintained building, ensuring a clean and professional environment for your business. This suite presents a fantastic opportunity for professionals seeking a comfortable and efficient workspace outside of their home, yet still within easy reach of commuting routes and all the amenities of a vibrant downtown area. The building's excellent upkeep contributes to a positive and productive work atmosphere. The 0.35-acre lot provides ample space and a sense of exclusivity. This office is perfect for individuals or small businesses that value both accessibility and a high-quality work environment. The suite's 570 square feet offer a versatile layout adaptable to various business needs. Its spotless condition and comfortable ambiance create an inviting and productive workspace. The proximity to major highways further enhances its appeal for businesses requiring easy access to regional transportation networks. This is a rare opportunity to secure a highly desirable office space in a thriving downtown location. Don't miss out on this chance to establish your business in a prime Millburn setting.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Construction BRICK
Lot 0.35 ac (15,324 SF)
APN 12 00702-0000-00013
UPID US59-3160405
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
  • The Braid Hive Studio Hair Salon
  • Indigo Design Architecture Architect
  • ARkITEkTURA Consulting LLC Architectural Designer
  • iFix PC's Computer & Electronic Repair
  • Jordan Elyse Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k
Owner & transaction history
321 Millburn Tic I LLC · 12 yrs held
321 Millburn Tic I LLC
since 2014
2 recorded transactions
2014
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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