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1 Mill St

8,719 SF Retail Building Bernardsville, NJ 07924 $5,673,780 CAD ($651 CAD/SF) 4.46% Cap Rate

Restaurants New Jersey Bernardsville 1 Mill St, Bernardsville, NJ 07924

Executive Summary

A Historic Olcott Square Landmark, 1 MILL STREET, remodeled & revitalized, has stood the test of time. Originally built in 1849 as The Old Stone Hotel, this iconic stone treasure has hosted generations of patrons, providing lodging, food, libations, and entertainment. At least a dozen operators have occupied the stone and wood three story building in downtown Bernardsville since its inception 175 years ago with major multi-million dollar exterior and interior improvements in 2007 that included the repointing of the stone walls and a top to bottom interior redo. Subsequent remodeling was conducted in 2016 and 2021. The current lessee operates a multi-floored upscale restaurant offering formal and casual dining. With almost 10,000 square feet of space with outdoor dining area, this turnkey property includes generous private parking and is near public parking spaces and the Quimby Lane Redevelopment Plan District! 30 parking spaces.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,719 SF
Building Class
C
Year Built/Renovated
1849/2007
Price
$5,673,780 CAD
Price Per SF
$651 CAD
Cap Rate
4.46%
NOI
$253,051 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.50
Lot Size
0.40 AC
Zoning
B1
Parking
20 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
341 ft on Mill St
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Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

CrossFit
PNC Bank
Peapack-Gladstone Bank
ShopRite
Chase Bank
TD Bank
Wells Fargo Bank
CycleBar
Starbucks
Lakeland Bank

PROPERTY TAXES

Parcel Number 03-00069-0000-00038 Improvements Assessment $1,653,436 CAD
Land Assessment $844,308 CAD Total Assessment $2,497,744 CAD

PROPERTY TAXES

Parcel Number
03-00069-0000-00038
Land Assessment
$844,308 CAD
Improvements Assessment
$1,653,436 CAD
Total Assessment
$2,497,744 CAD
(908) 303-8507

Contacts

  • Richard Burgstresser
    Richard Burgstresser
  • Todd Hayes
    Todd Hayes

  • Listing ID: 33436617

  • Date on Market: 2024-10-07

  • Last Updated:

  • Address: 1 Mill St, Bernardsville, NJ 07924

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MAP

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1 Mill St, Bernardsville, NJ for sale Building Photo- Image 1 of 7
exterior
1 Mill St, Bernardsville, NJ for sale Building Photo- Image 2 of 7
rear
1 Mill St, Bernardsville, NJ for sale Building Photo- Image 3 of 7
patio
1 Mill St, Bernardsville, NJ for sale Building Photo- Image 4 of 7
exterior anderson hill rd
1 Mill St, Bernardsville, NJ for sale Other- Image 5 of 7
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1 Mill St, Bernardsville, NJ for sale Plat Map- Image 6 of 7
Plat Map

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1 Mill St
(908) 303-8507 x

1 Mill St

1/2

Richard Burgstresser

(908) 303-8507

(908) 303-8507

Todd Hayes

(908) 285-1330

x430

(908) 285-1330 x430

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