Listed by Marcus & Millichap - New Jersey
$4,550,000
Downtown Millburn Mixed-Use
Details
Property Type Retail, Office
Sub Type Storefront, Traditional Office
Square Footage 14,626
Net Rentable (SqFt) 14,626
Units 16
Cap Rate 6.71%
NOI $305,498
Occupancy 100%
Tenancy Multi
Year Built 1940
Year Renovated 2014
Stories 2
Acreage 0.350
Zoning B-4
Ground Lease No
Retail | 6.71% CAP | 14,626 SqFt
Marketing description
Marcus & Millichap is pleased to exclusively present 321 Millburn Avenue, Millburn, Essex County, New Jersey.
Investment highlights
LEASE(S)
- All retail leases (5) are NNN while all second floor office suites (11) are gross
- Retail tenants are responsible for their proportionate share of taxes, insurance, and CAM
- Several retail leases are below market rent
- All retail leases have annual rent increases and renewal options
LOCATION/ MARKET
- Ideally located in the center of Downtown Millburn with many local restaurants and shops nearby
- 2 blocks from the Millburn train station and municipal parking garage
- 20K+ vehicles/day on Millburn Avenue
- Located directly across from well-known landmark Millburn Deli
- Superb northern New Jersey demographics with 1-mile average household income exceeding $213K and a 5-mile population over 445,000 people
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$305,498.00
$25,458.17/mo
Valuation Metrics
0
DSCR
6.71%
Cap Rate
6.71%
ROI
Map
Zoning
B-4 CommercialCore CommercialCentral Business
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View all 18 uses
View all 18 uses Last updated Feb 16, 2026 For deeper zoning details, reports are available at Zoneomics
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