811 Main StMillville, NJ 08332

For Sale
$875,000

High-traffic location, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
95
This exceptional mixed-use property, located at 811 W Main St, Millville, NJ 08332, presents a compelling investment opportunity. The 10,095 square foot building, constructed in 1950 and boasting a Class A designation, comprises six units: five commercial spaces and one renovated three-bedroom, two-bathroom apartment. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $79,030, translating to an attractive 9.03% capitalization rate. The asking price is $875,000, with a price per square foot of $86.68. Situated on a 0.71-acre lot, the two-story building is zoned for neighborhood commercial use. Key tenants include a Women, Infants, & Children (WIC) center and a well-established Mexican restaurant operating under a five-year lease. The remaining three commercial units offer ample space and are strategically located in a high-traffic corridor between Millville and Bridgeton, benefiting from proximity to major roadways and the Millville Executive Airport. The property's strong tenant base, coupled with its prime location in a growing Millville market, enhanced by a developing downtown, riverfront, and the nearby Trout National Golf Course, makes this a truly turnkey investment with significant long-term potential. All lease information is available to qualified buyers.

Highlights

  • High-traffic location offering attractive net operating income (NOI) and capitalization rate.
  • Turnkey property with 100% occupancy and stable tenant base.

Property Details for 811 Main St

Property type
Lifestyle centers, Power centers
Square Feet
10,095 SF
Class
A
Year Built
1950
Buildings
1
Stories
2
Lot Size (sq. ft)
30,928 SF
Units
6

Location Insight

City
Millville
County
Cumberland
State
New Jersey
Latitude
39.397989380511
Longitude
-75.058540306094
811 Main St, Millville, New Jersey

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811 Main St
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