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519 Millburn Ave 3,580 SF 100% Leased Retail Building Short Hills, NJ 07078 $1,255,000 ($350.56/SF) 6.50% Cap Rate
Executive Summary
Close proximity to Walgreens, Wendy’s, ShopRite, Trader Joe’s, CVS and Train Station. NOI is proposed, cap rate is proforma, expected performance included below please contact the broker directly with further questions.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,580 SF
Building Class
C
Year Built
1943
Price
$1,255,000
Price Per SF
$350.56
Cap Rate
6.50%
NOI
$81,575
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.82
Lot Size
0.10 AC
Zoning
Commercial - retail
Frontage
97’ on Millburn Ave
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,502 SF | Retail | - | 60 Days |
1st Floor
| Size |
| 1,502 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 60 Days |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 1,502 SF |
| Space Use | Retail |
| Position | - |
| Available | 60 Days |
Walk Score®
Very Walkable (82)
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Property Taxes
| Parcel Number | 12-01707-0000-00002 | Improvements Assessment | $716,200 |
| Land Assessment | $224,300 | Total Assessment | $940,500 |
Property Taxes
Parcel Number
12-01707-0000-00002
Land Assessment
$224,300
Improvements Assessment
$716,200
Total Assessment
$940,500
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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519 Millburn Ave
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