231 N High N Street, Millville, NJ 08332

Property Description

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 Millville’s 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, there’s 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. Don’t miss out on this prime investment! Contact us today for more details!