Listed by Jeffery Realty
$4,642,857
321 Millburn Ave
Details
APN 702/03
Property Type Retail, Mixed Use
Sub Type Storefront, Shopping Center
Square Footage 14,626
Cap Rate 7.00%
NOI $312,084
Tenancy Vacant
Price per SqFt $317
Stories 2
Acreage 0.360
Zoning Commercial
Retail | 7.00% CAP | 14,626 SqFt
Investment highlights
- Building allows for additional 2nd floor buildout space; either for additional office suites or
- Best and highest use would be to convert the office suites to residential; hidden value is approx. $300,000
- LL not looking to seek approval due to time frame but simple discussion with zoning will confirm above
Listing Contacts
Listed by Jeffery Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,084.00
$26,007.00/mo
Valuation Metrics
0
DSCR
6.72%
Cap Rate
6.72%
ROI
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