321 Millburn Ave - Storefront Retail/Office FOR SALE


Millburn, NJ 07041
$4,450,000 USD
732-232-4351
321 Millburn Ave, Millburn, NJ for Sale
$4,450,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 6.65% Cap Rate

321 Millburn Ave
Millburn, NJ 07041


HIGHLIGHTS

  • Strong Tenant Mix
  • Strategic Retail Location
  • Affluent NYC Suburb

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 321 Millburn Avenue in Millburn, New Jersey (“the Property”). The mixed-use investment Property contains a two-story building with 14,626 square feet of space on a 0.35-acre parcel. 321 Millburn Avenue is currently leased to fifteen (15) tenants and has only one vacancy, which will be master leased upon closing. The tenant-mix offers a wide area of retail businesses and services that cater to the needs of the area residents. The Property is located along Millburn Avenue in the center of Millburn. The Property is a short walk (0.1 miles) from the Millburn Train Station and is within just ½ mile of several national retailers and a variety of local shops and restaurants. The surrounding area features densely populated residential neighborhoods that support consistent traffic, while the Property also benefits from proximity to the area’s primary roadways, the Mall at Short Hills, and nearby office and professional complexes. Positioned in the heart of one of New Jersey’s most affluent and desirable suburban communities, the Property captures both local residents and commuters, offering excellent exposure and access. Its location within a vibrant commercial and residential hub makes it a highly attractive retail destination with strong long-term appeal. Millburn is an affluent residential suburb of New York City. Located in Essex County, Millburn is approximately 20-miles west of Manhattan.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

-

APN/PARCEL ID

12-00702-0000-00013

ASK ABOUT THIS PROPERTY

Michael LombardiHorvath & TremblayMore Info
732-232-4351

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Michael LombardiHorvath & TremblayMore Info
732-232-4351

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.