Listed by Jeffery Realty
$4,642,857
321 Millburn Ave
Details
APN 702/03
Property Type Retail, Office
Sub Type Storefront, Traditional Office
Square Footage 14,626
Cap Rate 7.00%
NOI $312,084
Tenancy Multi
Brand/Tenant Thai House, Springbone Restaurant
Price per SqFt $317
Stories 2
Acreage 0.360
Zoning Commercial
Retail | 7.00% CAP | 14,626 SqFt
Marketing description
For Sale | 14,626 SF building located at 321 Millburn Ave, Millburn, NJ. The building features 8,926 SF on the 1st floor and 5,700 SF on the 2nd floor, situated on 0.36 acres with 130' of frontage on Millburn Ave and traffic count of 26,969. 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. Updated facade.
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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