424 3Rd St Millville, NJ 08332

Property Details for 424 3Rd St

Property type

Commercial real estate

Description

This exceptional 7,500 square foot commercial land parcel, located at the corner of North 3rd Street (CR-555) and East Oak Street in Millville, New Jersey (zip code 08332), presents a unique investment opportunity. Comprising three parcels (Block 360, Lots 1, 3, and 4), this property is situated within the newly rezoned "Downtown Commercial" district, offering versatile development potential. The permitted zoning allows for a wide range of uses, including live/work units, offices, retail spaces, restaurants, artist studios, galleries, and parking lots. The site allows for a building of up to four stories, with a potential buildable area of approximately 20,000 square feet. Benefiting from its location within both the Urban Enterprise Zone and the Neighborhood Revitalization Tax Credit Zone, this property is poised to capitalize on the area's rapid redevelopment and strong sales and rental markets. All utilities (electric, gas, cable, water, and sewer) are conveniently located at the sidewalk. The property enjoys excellent walkability to the Arts District, shopping, dining, services, entertainment, parks, and a boating ramp. Furthermore, it's a short four-minute drive to a regional mall and highway access (NJ-55), providing easy access to Philadelphia (40 minutes) and the New Jersey beaches (40 minutes). Prospective buyers are advised to confirm all specifications for their intended use with the Millville City Zoning Department. The asking price for this prime commercial land is $60,000.

Location Insight

City

Millville

County

Cumberland

State

New Jersey

Longitude

-75.035853556534

Latitude

39.400300135297