Millville, NJ 08332 231 High Street N

Pending
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Presented By: Society
  • MLS# NJCB2022614
  • 02/17/2025
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  • Beds • 9

Home Details

Exceptional Investment Opportunity! This spacious 6,300 sqft 3-story mixed-use property offers versatility with tenants already in place, you can start earning profits immediately! The first floor features B J Roasters (1,500sqft) a staple chicken wing restaurant in downtown Millville for the past decades, this includes a commercial kitchen, ample storage, an industrial walk-in freezer, and a seating area to fit twenty people. The 2nd and 3rd upper floors (3,000sqft) include four spacious residential apartments. Unit 2B offers 2 bedrooms, 1 bathroom, high ceilings, and an open living area. Unit 2A is similar, featuring 2 bedrooms, and 1 bathroom. Unit 2B and 2A are both newly renovated, with the space to add a third bedroom. Unit 3B features 2 bedrooms and 1 bathroom, while Unit 3A has 3 bedrooms and 1 bathroom with a generous living room area, allowing prospective purchasers to add their personal touch and complete this renovation. The rental income is as follows; BJ Roasters $1,300, Unit 2B $1,525, Unit 2A $1,350, Unit 3B $1,100, Unit 3A vacant, a Total of $5,275. 2025 FMR in Cumberland County for a 2 bedroom is $1,591 and $2,163 for a 3 bedroom. The basement area (1,800sqft) could potentially be used by tenants for storage, another income-generating source for savvy investors. Tenant's electric and gas are separately metered, paid by the tenants while the owner pays for water and sewer, adding to the convenience of efficient billing for all units. This property has undergone several recent upgrades, enhancing its value and appeal. Notable improvements include a tankless water heater, a new roof installed less than a year ago, and window replacements completed in phases between 2019 and 2022, totaling 27-28 windows. Additionally, the commercial unit features upgraded heating and air conditioning systems, including central AC, for year-round comfort. The exterior has 3 parking spots for BJ Roasters employees and behind the building a 28-car public parking lot is available; featuring 2 handicapped accessible parking spots. This property is being sold as-is, where is condition. Situated in the heart of Millvilles bustling downtown, this mixed-use property offers a unique opportunity for investors, that won't last. With established tenants providing income and an additional vacant unit ready for transformation, theres great potential to enhance its value. Well-maintained and ideally positioned, this property seamlessly blends commercial viability with residential charm, all within a thriving cultural and economic hub. Dont miss out on this prime investment! Contact us today for more details!
Presented By: Society

Interior Features for 231 High Street N

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceEstimated
Central Air Y/NNo
Fireplace Y/NNo
FlooringVinyl
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas, Tankless
Total Stories3

General for 231 High Street N

Acceptable FinancingCash, Conventional
Accessibility2+ Access Exits
Architectural StyleOther
CityMILLVILLE
Construction MaterialsBrick
Cool FuelElectric
CoolingWindow Unit(s)
CountyCUMBERLAND
DirectionsUse GPS
Electric150 Amps, Circuit Breakers
ExclusionsTenant Property
Garage Y/NNo
Gross Income62220.00
HeatingBaseboard - Hot Water
Lot Size Square Feet3367.00
Lot Size UnitsSquare Feet
MLS AreaMillville City (20610)
ModificationTimestamp2025-07-22T15:49:18
MunicipalityMILLVILLE CITY
New ConstructionNo
Number Of Units Total4
NumberOfUnitsVacant1
One Bedroom Units Count
Other StructuresAbove Grade
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG75.4
Property ConditionGood
Property SubtypeOther
Property TypeMulti-Family
RoofFlat
School DistrictMILLVILLE AREA
Security FeaturesSmoke Detector, Carbon Monoxide Detector(s), Main Entrance Lock
SewerPublic Sewer
Single Room Units Count0
Standard StatusPending
StatusPENDING
Structure TypeOver Storefront
Tax Annual Amount8913.0
Tax Assessed Value227100.0
Tax Lot00012
Tax Year2024
Total SQFT6300
Two Bedroom3
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1924
Year Built SourceEstimated
ZoningB-3

Exterior for 231 High Street N

InclusionsAll existing appliances
Land Assessed Value22800.00
Land Use Code
Lot Dimensions34.00 x 99.00
Lot Size Acres0.08
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Parking FeaturesPaved Parking
PoolNo Pool
SpaNo
Type of ParkingParking Lot, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $475,000
MLS#NJCB2022614
List Date 02/17/2025
Property Type Pending
Phone 703.929.4729
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