1 Mill St Bernardsville, NJ 07924
Upscale eatery, 9,909 SF, high NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Fee-simple ownership of a thriving upscale restaurant in Bernardsville, NJ.
- 9,909 SF building on a 0.4-acre lot with 30 parking spaces.
- Currently leased to a corporate-guaranteed tenant with 1.1 years remaining, plus a 5-year option.
- $3,990,000 asking price, $402.66/SF, with a 4.46% cap rate and $178,000 NOI.
- Prime location in Olcott Square, near public parking and the Quimby Lane Redevelopment Plan District.
Property Details for 1 Mill St
- Property type
- Retail properties, Restaurants
- Square Feet
- 9,909 SF
- Class
- A
- Year Built/Renovated
- 1846/2021
- Buildings
- 1
- Stories
- 3
- Lot Size (sq. ft)
- 17,424 SF
- Units
- 1
Location Insight
- City
- Bernardsville
- County
- Somerset
- State
- New Jersey
- Latitude
- 40.7191139
- Longitude
- -74.569716
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Upscale eatery, 9,909 SF, high NOI
- Where is the retail property located?
- The property is located at 1 Mill St Bernardsville, NJ.
- What is the asking price?
- The asking price for this property is $3,990,000.
- What are key features of this property?
- This property features: Fee-simple ownership of a thriving upscale restaurant in Bernardsville, NJ.; 9,909 SF building on a 0.4-acre lot with 30 parking spaces.; Currently leased to a corporate-guaranteed tenant with 1.1 years remaining, plus a 5-year option.
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