Skip To Content

304 Millburn Ave

Millburn Twp., NJ 07041
  • $2,550,000
  • STATUS: Active
  • ON SITE: 48 Days
  • MLS #: 3746969
UPDATED: 74 min ago
$2,550,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,000
    SQFT
  • $283
    $/SQFT
Type:
Commercial
Built:
1930
County:

School Ratings & Info

Description

In wonderful downtown Millburn this unique property located at a higher elevation has never taken in any water contrary to nearby properties that have repeatedly been flooded. This 9 unit opportunity is almost completely rented with a current annual rent roll of over $220,000. Its very unique portfolio consists of 6 Commercial and 3 Residential rentals including a 2 Family duplex home located behind the shopping center. There are 5 store front rentals with two national brand tenants -- UPS shipping as the anchor tenant recently signed a 10-year lease and long-term tenant UBreakiFix -- along with three other local tenants, in addition to a second floor apartment and office space. Includes a private parking lot plus plenty of on and off street parking. Located in the heart of Millburn center. Walking distance to NYC train. Note for tax purposes this sale combines 304 and 306 Millburn Ave. To be sold together.

Monthly Payment Calculator



© 2021 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 Christie's International Real Estate Northern New Jersey. 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 Christie's International Real Estate Northern New Jersey 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 2021-12-04T23:46:15.217.
www.srrealestategroup.com/homes/122521521
Print Image

304 Millburn Ave Millburn Twp., NJ 07041

  • Price: $2,550,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 74 min ago
  • MLS #: 3746969
0
Beds
0
Baths
0
½ Baths
0.17
Acres
9,000
SQFT
$283
$/SQFT
1930
Built
County:
Essex
Area:
Millburn Twp.
Property Description
In wonderful downtown Millburn this unique property located at a higher elevation has never taken in any water contrary to nearby properties that have repeatedly been flooded. This 9 unit opportunity is almost completely rented with a current annual rent roll of over $220,000. Its very unique portfolio consists of 6 Commercial and 3 Residential rentals including a 2 Family duplex home located behind the shopping center. There are 5 store front rentals with two national brand tenants -- UPS shipping as the anchor tenant recently signed a 10-year lease and long-term tenant UBreakiFix -- along with three other local tenants, in addition to a second floor apartment and office space. Includes a private parking lot plus plenty of on and off street parking. Located in the heart of Millburn center. Walking distance to NYC train. Note for tax purposes this sale combines 304 and 306 Millburn Ave. To be sold together.
Exterior Features

Approximate Lot Size 50X150 Construction Brick/BlockFormed Concrete Exterior Description Brick/Block Location Business District Number Of Bays 4 Number Of Docks 2 Parking Driveway Description Additional ParkingAssignedBlacktopDriveway-Shared Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Storage Cooling 4+ Units Equipment Available AppliancesFire AlarmFixturesKitchen AreaRestrooms - PrivateSecurity SystemSee RemarksSmoke Detector Heating 4+ Units Max Ceiling Height 8 Max Door Height 8 Number Of Lavatories 10 Office Sq Ft 9000

Property Features

For Sale Or Lease For Sale Free Rent See Remarks Fuel Type Gas-Natural Lease Type Gross Primary Property Type Mixeduse Property Type Mixed Use Sale Includes Building & LandBuilding OnlySee Remarks Sewer Public Sewer Suite Number 1 Tax Amount 18680 Tax Rate Amount 1.926 Tax Rate Year 2020 Tax Year 2020 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning Commercial

Listing information © 2021 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Coldwell Banker Realty.


© 2021 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 Christie's International Real Estate Northern New Jersey. 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 Christie's International Real Estate Northern New Jersey 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 2021-12-04T23:46:15.217.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3746969-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3746969-2.jpg
Logo
Christie's International Real Estate Northern New Jersey
47 Maple Street
Summit NJ, 07901