Address
304-306 Millburn Ave Millburn Twp., NJ
Price
$ 2,550,000
Property Attributes
  • ID#3746969
  • TypeCommercial
  • CountyESSEX
  • CityMillburn Twp.
  • AreaMillburn Twp.
  • Zip07041
  • StyleMixedUse
  • Year Built1930
  • Taxes$ 18680
  • Price$ 2,550,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms10
  • Sqr Footage9000
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
COLDWELL BANKER REALTY
Data Source:
Garden State MLS (GSMLS) - 38 - NJ
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.

Price History
10/18/2021 Listed $2,550,000

General Features

Basement Storage
Construction Brick/Block, Formed Concrete
Cooling 4+ Units
Drive Additional Parking, Assigned, Blacktop, Driveway-Shared
Heating 4+ Units
Property Type MixedUse
Property Type Mixed Use
Roof Asphalt Shingle
Sewer Public Sewer
Tax Annual Amount 18680
Total Units 9
Town # 1612
Township Millburn Twp.
Utilities Electric, Gas-Natural
Zoning Commercial

Interior Features

Fuel Type Gas-Natural

Exterior Features

Building Area Total 9000
Exterior Description Brick/Block
Lot Dimensions 50X150
Max Ceiling Height 8
Max Door Height 8
Number Of Bays 4
Number Of Docks 2
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 07041

Price
AVG $640K
$2.55M
Taxes
AVG $21,109
$18,680
Visits
AVG 76
12
Year Built
AVG 1940
1930
Walkscore
AVG 75
80
Data Provided by Walkscore ® not using MLS data

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