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Property profile & analytics
FOR SALE
Commercial land

424 N 3Rd St Millville, NJ 08332

Property ID
US59-1332985
Property summary
AI-generated overview

Corner of North 3rd St (CR-555) and East Oak St: THREE parcels sold together totaling approx. 7,500 S.F. Block 360, Lots 1, 3, 4 within newly rezoned “Downtown Commercial” District allowing: live/work units, offices, retail, restaurant, artist studios, gallery, parking lot. Build up to 4 floors /up to approx. 20,000 S.F. Within Urban Enterprise Zone and within Neighborhood Revitalization Tax Credit Zone. Rapidly redeveloping neighborhood with robust sales and rentals. All utilities at sidewalk: electric, gas, cable, water, sewer. Walk to the Arts District, Shopping, Dining, Services, Entertainment, Parks, Boating Ramp. 4 minutes drive to Regional Mall and to on/off ramps for NJ-55 Highway and then 40 minutes to Philadelphia or to NJ beaches. Confirm all specs of your projected use with Millville City Zoning Department.

Property profile
Verified
Property type Commercial land
UPID US59-1332985
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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