103 High StMillville, NJ 08332

Property Details for 103 High St

Year built

1914

Lot size

0.04 AC

Property size (Sq ft)

2,778 SF

Zone code

B-3

Property type

Commercial real estate

APN

10 00415-0000-00020

APU

1000415000000020

Description

This exceptional mixed-use property at 103 N High Street, Millville, NJ, presents a unique investment opportunity in a revitalizing downtown area. The 2,700 square foot building, situated on a 0.04-acre lot, underwent a significant renovation in 2019, updating all mechanical systems. The property features a spacious, currently rented, one-bedroom apartment upstairs, generating a monthly income of $950. Downstairs, the main commercial unit boasts impressive high ceilings, hardwood floors, a back office, and a full bathroom. A full basement and additional second-floor flex space offer versatile options for expansion or storage. Currently vacant, the commercial space allows for immediate occupancy and the potential to establish your own business. This turnkey property offers strong cash flow potential while participating in Millville's ongoing downtown redevelopment. The building is being sold as a package with the adjacent 101 N High Street property, another two-unit mixed-use building. This presents a rare chance to acquire a significant presence in a rapidly improving commercial district. The strategic location on High Street, within a block experiencing substantial new development and redevelopment, ensures strong future growth potential. This is an ideal opportunity for an investor seeking both immediate income and long-term appreciation in a thriving New Jersey market.

• Alternative Use

  Use

  Valuation

  Residential

  $918,704

  Hospitality

  $841,528

  Educational

  $700,142

  Medical

  $724,221

  Retail

  $1,089,109

Location Insight

City

Millville

County

Cumberland

State

New Jersey

Latitude

39.3964

Longitude

-75.0382

CBSA code

47220

CBSA name

VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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