120 High St N

Millville, NJ
$ 475,000 Beds 0 Baths 0 Sq 18,000
Monthly Estimate* How much can I afford?

PLEASE NOTE: THIS PROPERTY IS BEING SOLD AS A PACKAGE ALONG WITH 25/27 N. HIGH ST. IN MILLVILLE. THE TOTAL LISTING PRICE OF THE PACKAGE IS $675,000 BETWEEN THE TWO PROPERTIES. ONE MAY NOT BE PURCHASED WITHOUT THE OTHER.Own a piece of Millville History. 120-124 N. High St is the home of the old Fath Department Store Building and most recently an art gallery, political headquarters, and professional office space. Reinvigorated and re-imagined, the Fath building has since been brought back to life by the new ownership -- including structural reinforcement, engineering, plumbing, electrical, framing and more. The building is BACK and ready to be finished and turned into the gem it is meant to be, shining bright in the lights of the Levoy Theater! As a practical investment, the building would be a dream cash flow situation, boasting 9-10 residential apartments upstairs, 10 offices downstairs, two store fronts facing downtown, and a large workshop area where you can deliver supplies. Also, the property is located in a Federal OPPORTUNITY ZONE, which according to taxpolicycenter.org, allows for these incentives: 1). Temporary deferral of taxes on previously earned capital gains. Investors can place existing assets with accumulated capital gains into Opportunity Funds. Those existing capital gains are not taxed until the end of 2026 or when the asset is disposed of. 2).Basis step-up of previously earned capital gains invested. For capital gains placed in Opportunity Funds for at least 5 years, investors~ basis on the original investment increases by 10 percent. If invested for at least 7 years, investors~ basis on the original investment increases by 15 percent. 3). Permanent exclusion of taxable income on new gains. For investments held for at least 10 years, investors pay no taxes on any capital gains produced through their investment in Opportunity Funds (the investment vehicle that invests in Opportunity Zones).Don't miss out on this can't miss opportunity to recreate history, and MAKE MONEY TOO! Current seller is willing and able to speak about his work done on the property and provide any and all requested documentation that he has available.

Commercial

  • Price
  • $ 475,000
  • Lot Size
  • Bedrooms
  • 0
  • Sqr Footage
  • 18,000
  • Full Bathrooms
  • 0
  • Year Built
  • 1924
  • Half Bathrooms
  • 0
  • City, Zip
  • Millville
  • Taxes
  • 10450
  • County
  • CUMBERLAND
  • Style
  • Apartment Building,Flex,Professional,Shopping Cent
  • Area
  • Millville City
  • MLS#
  • NJCB125808
  • Zip
  • 08332
Listing Provided by: DePalma Realty

Features

General

Acceptable Financing Cash, Other, Negotiable
Accessibility None
Business Type Apartment Building, Flex, Professional, Shopping Center, Warehouse, Other
Construction Materials Brick
Cool Fuel Electric
Cooling Central A/C
County CUMBERLAND
Heating Forced Air
MLS Area Millville City (20610)
New Construction No
Ownership Fee Simple
Possession Settlement
Price Per Sq Ft 26.39
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Major Rehab Needed, Very Good
Real Estate Owned Y/N No
Sewer Public Sewer
Tax Year 2019
Vacation Rental Y/N No
Water Access Y/N No
Zoning B-3

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 18000.00
Car Parking Spaces 5
Inclusions Everything currently situated at the property would go with the sale.
Lot Dimensions 55.00 x 21583.00
Lot Size Acres 0.00
Lot Size Source Assessor
Lot Size Square Feet 0.00
Navigable Water Y/N No
Total Parking Spaces 5
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

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

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Fredicksburg, Virginia office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/28/2020 Listed $750,000
5/22/2020 37% - $475,000

Property vs Zip Code Average in 08332

Price
AVG $300K
$480K
Taxes
AVG $12,078
$10,450
Visits
AVG 46
48
Year Built
AVG 1954
1924
Walkscore
AVG 52
68
Data Provided by Walkscore ® not using MLS data

Map

120 High St N Millville, NJ is a Single Family Home for sale at $475000 with 18000 sqft and a lot size of Acre(s). 120 High St N Millville has 0 bedrooms, 0 baths and was built in 1924. The property's zip code is 08332 which is in Millville, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.