1 Mill Street Bernardsville, NJ $ 3,990,000
1 Mill Street
$ 3,990,000
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1 Mill Street

Bernardsville, NJ, 07924
$ 3,990,000
Baths0.2 Sq 9,909

Monthly Estimate*

$ 27,871

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Studio

Commercial Property for sale in Bernardsville, NJ

for $3,990,000 with 2 half baths. This 9,909 square foot building was built in 1849 on a lot size of 0.4.

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!

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Commercial Active

Price

$ 3,990,000

Bedrooms

Studio

Half Bath

2

Property Type

Commercial

Taxes

$ 32,445

Style

Restarnt

Lot Size

0.4

Year Built

1849

Town/City

Bernardsville

County/Region

Somerset

MLS | Web ID

3888958

Features
General
Sewer Public Sewer
Construction Wood
Heating Forced Hot Air
Cooling 4+ Units Central Air
Utilities Electric Gas-Natural
Possession POT
Roof Asphalt Shingle
Zoning D-3O
Year Built 1849
Township Bernardsville Boro
Property Type Restaurant Restarnt
Tax Year 2023
Percent Ownership Fee Simple
Location Business District
County Somerset
Status Active
Directions Route 202 to Anderson Hill Road. On left across from Bernardsville Public Library
Total Units 0
Street Name Mill Street
Tax Annual Amount 32445
Drive Off-Street Parking Parking Lot-Exclusive
Leasable Area 0
Days on Market 25
Standard Status Active
Tax Assessed Value 1615000
Town # 2703
Tax Lot 38
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Interior
Flooring Concrete Stone Wood
Fuel Type Gas-Natural
Total Stories 3
Half Baths 2
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Exterior
Lot Features Corner
Water Source Public Water
Exterior Description See Remarks
Building Area Total 9909
Lot Dimensions .40AC
Lot Size Acres 0.40
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* Excluded Features
List By
RICHARD BURGSTRESSER

Listing Agent

Turpin Real Estate, Inc.

Broker

rburgstresser@turpinrealtors.com

Email

Affordability Calculator

$30,575
Per Month
91%
9%
0%
Monthly Principal & Interest
$27,871
Monthly Property Taxes
$2,704
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2024$3,990,000 Listed Price

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1 Mill Street, Bernardsville, NJ, 07924 is a Commercial Property for sale at $3,990,000 with 9,909 sqft and a lot size of 0.4. 1 Mill Street is a studio with 0.2 baths and was built in 1849. The property's zip code is 07924 which is in Bernardsville, NJ