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249 Main St

Millburn Twp., NJ 07041
  • $1,500,000
  • STATUS: Active
  • ON SITE: 169 Days
  • ID#: 3775877
$1,500,000
  • 1
    BEDS
  • 0.09
    ACRES
  • 1
    BATHS
  • 2
    1/2 BATHS
  • 3,500
    SQFT
  • $429
    $/SQFT
Type:
Multi-Family
Built:
2009
County:

School Ratings & Info

Description

*BACK ON THE MARKET DUE TO THE BUYER'S INABILITY TO PERFORM* Fantastic mixed-use commercial/residential investment opportunity, with store front, located on main thoroughfare in highly sought-after Millburn, New Jersey. This stand-alone building has 3,500 total square foot of space that includes private adjacent parking lot with 8 spaces. The property is divided into a 2,600 sq. ft. ground level commercial space and a 900 sq. ft. one bedroom apartment on the second level, each with private entrance. This property is adjacent to a commercial zone with various businesses nearby. New Jersey Transit bus stop on the corner, Millburn train station is less than 1 mile away, Newark Airport under 10 miles away with easy access to Interstate 78 nearby. Perfect for business owners and investors.The first level commercial space includes covered entry with large windows that face the street. The front vestibule opens to reception with a generous waiting area for patients/clients. There are 4 exam rooms, 2 offices, additional large workspace, multiple storage rooms, 2 bathrooms, a basement with mechanicals. Gas and Electric are separately metered. The spacious second floor residential apartment with private entrance includes one-bedroom, sunny and large living/dining area, full bathroom, in-unit laundry, and separate utilities. Parking, close proximity to train and private entrance can garner premium rent to offset expenses and provide additional cash flow.

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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-10-04T23:46:41.973.
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249 Main St Millburn Twp., NJ 07041

  • Price: $1,500,000
  • Status: Active
  • On Site: 169 Days
  • ID#: 3775877
1
Beds
1
Baths
2
½ Baths
0.09
Acres
3,500
SQFT
$429
$/SQFT
2009
Built
County:
Essex
Area:
Millburn Twp.
Property Description
*BACK ON THE MARKET DUE TO THE BUYER'S INABILITY TO PERFORM* Fantastic mixed-use commercial/residential investment opportunity, with store front, located on main thoroughfare in highly sought-after Millburn, New Jersey. This stand-alone building has 3,500 total square foot of space that includes private adjacent parking lot with 8 spaces. The property is divided into a 2,600 sq. ft. ground level commercial space and a 900 sq. ft. one bedroom apartment on the second level, each with private entrance. This property is adjacent to a commercial zone with various businesses nearby. New Jersey Transit bus stop on the corner, Millburn train station is less than 1 mile away, Newark Airport under 10 miles away with easy access to Interstate 78 nearby. Perfect for business owners and investors.The first level commercial space includes covered entry with large windows that face the street. The front vestibule opens to reception with a generous waiting area for patients/clients. There are 4 exam rooms, 2 offices, additional large workspace, multiple storage rooms, 2 bathrooms, a basement with mechanicals. Gas and Electric are separately metered. The spacious second floor residential apartment with private entrance includes one-bedroom, sunny and large living/dining area, full bathroom, in-unit laundry, and separate utilities. Parking, close proximity to train and private entrance can garner premium rent to offset expenses and provide additional cash flow.
Exterior Features

Approximate Lot Size 84XIRR .1756 AC Exterior Description Stone Lot Description Level LotPossible Subdivision Number Of Parking Spaces 8 Parking Driveway Description BlacktopOff-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description FullUnfinished Cooling 2 UnitsCentral AirMulti-Zone Cooling Heating 2 UnitsForced Hot AirMulti-Zone Interior Features See Remarks Total Number Of Rooms 16 Unit1 Appliances Equipment Carbon Monoxide DetectorFire Alarm SystemSecurity SystemSee Remarks Unit1 Baths 2.0 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Handicap Modified Yes Unit1 Levels 1 Unit1 Room Description See Remarks Unit1 Rooms 13 Unit1 Security Deposit 10800 Unit1 Sq Ft 2600 Unit2 Appliances Equipment Carbon Monoxide DetectorFire Alarm SystemStackable Washer/Dryer Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenLaundry RoomSee Remarks Unit2 Rooms 3 Unit2 Sq Ft 900

Property Features

Assessment Total 621300 Building Assessment 503700 Easement No Expenses Include Hot & Cold WaterInsuranceMaintenanceTaxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 102000 Land Assessment 117600 Net Operating Income 86430 Renovated Year 2009 Sewer Public Sewer Tax Amount 11966 Tax Rate Amount 1.938 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 15570 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 7200 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1300 Unit2 Security Deposit 1950 Utilities See Remarks Water Public Water Water Heater Gas Year Built Description Renovated Zoning R8

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : [IDXCONTACTINFORMATION].


Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-10-04T23:46:41.973.
 
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eXp Realty LLC
966 Shoppes Blvd
North Brunswick NJ, 08902