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    Millburn, NJ
    Retail

    Millburn, NJ Retail Space for Sale

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    Retail Storefront Investment
    Updated: Jun 2
    Retail Storefront Investment

    321 Millburn Ave, Millburn, NJ 07041

    $4,642,857
    14,626 sqft
    Retail property offered for sale with a reported 7.00% cap rate
    14,626 SF retail building
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    This listing looks promising.

    Here's a quick look at some key insights for

    321 Millburn Ave, Millburn, NJ

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    • Est. Cap Rate

      4.5%
      NOI ÷ price

    • Est. NOI

      $209K
      Annual

    • Price @ 7% Cap

      $2.98M
      Suggested

    • Property Type

      Commercial (General)
      Built 1940
    View Property Analytics
    Versatile Retail and Office Building
    Updated: Nov 6, 2024
    Versatile Retail and Office Building

    565 Millburn Ave, Millburn, NJ 07078

    Contact for pricing
    6,500 sqft
    Commercial building at 565 Millburn Ave in the Short Hills area with a flexible layout
    Suitable for retail, office, or professional services
    Located on Millburn Avenue with high visibility and easy access for clients and customers
    Minutes from major highways and within walking distance to public transportation
    View details
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Millburn, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Building in Central District
    Retail Building in Central District

    1885 Springfield Ave, Maplewood, NJ

    Contact for pricing
    6,016 sqft 0.17 AC lot

    6,323 SF retail building with leasing and development potential.

    View details
    Newly Updated Retail Storefront Suite
    Newly Updated Retail Storefront Suite

    1300 Burnet Avenue, Union, NJ 07083

    Contact for pricing
    0.27 AC lot

    Retail storefront suite in a strip mall with open layout, brand-new flooring, and fresh paint for an easy start.

    View details
    Retail Storefront with Parking Included
    Retail Storefront with Parking Included

    1921 SPRINGFIELD AVE, Maplewood, NJ 07040

    Contact for pricing

    Updated retail storefront on a busy commercial street with central heating and cooling and one included parking space.

    View details
    Union Retail Property For Sale
    Union Retail Property For Sale

    1774 Burnet, Union, NJ 07083

    $4,080,000

    Retail property in a busy Union district, built in 1972.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    View details

    Off-Market Properties in Millburn, NJ

    Consider similar Off-Market properties in Millburn, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    565 Millburn Ave
    Individual retail properties

    565 Millburn Ave, Millburn, NJ 07078

    Value Estimation by Request
    6,500 sqft
    View details
    299 Millburn Ave
    Individual retail properties

    299 Millburn Ave, Millburn, NJ 07041

    Value Estimation by Request
    0.10 AC lot
    View details
    344 Millburn Ave
    Restaurants

    344 Millburn Ave, Millburn, NJ 07041

    Value Estimation by Request
    14,000 sqft
    View details
    750 Morris Tpke
    Individual retail properties

    750 Morris Tpke, Short Hills, NJ 07078

    Value Estimation by Request
    8,500 sqft
    View details

    Millburn, NJ Retail Space Market Trends and Statistics

    Explore 6 retail space for sale in Millburn, NJ on our real estate platform. These investment opportunities span a total of 21,126 square feet of properties for sale, with an estimated market value of $4,642,857.

    Sale prices for retail space in Millburn, NJ average $4,642,857 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 4

    Demographics Overview

    Population 7,610
    Population Growth (5Y) +7.6%
    Median Household Income $220,923

    High-Yield Neighborhoods for Investment

    Identify Millburn submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07041 $4.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.95%
    Property Tax per SF $5.89 per SF
    Tax Rate vs County Average 1.12 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Essex County

    Residential Income

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