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92 Water St #0, Milford, NJ, 08848

--beds
3baths
5,500sqft
$400,000
$73price/sqft
$3,419/moest. monthly cost
$136,760/yrincome needed

About This Home

Step into a piece of Milford's charm with this unique restaurant property, nestled in a historic setting and brimming with potential. This turnkey opportunity includes the building, land and some inventory, making it ideal for entrepreneurs or investors ready to bring their culinary vision to life.The inviting dining room features exposed stone walls and a cozy fireplace, creating a warm and memorable atmosphere for guests. Just off the bar area, a covered porch offers additional space for al fresco dining or cocktails, perfect for seasonal enjoyment.Inside, the bar continues its welcoming vibe with a pool table and dart board area, encouraging a lively and social ambiance. Whether you're envisioning a rustic tavern, upscale bistro, or casual eatery, this space is ready to adapt to your dream.Upstairs, you'll find a one-bedroom apartment ideal for an owner-operator or staff housing. Please note: the apartment may require additional notice for showings.Don't miss this incredible opportunity to own a piece of Milford's history and build the restaurant you've always dreamed of. Property is being sold as is where is

Getting Around

42
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

4/10
Milford Elementary SchoolGrades PK-50.3 mi

Construction

Condition

  • Year built: 1830

Materials

  • Roof: Asphalt Shingle,Rubber
  • Construction materials: Brick/Block

Notable Dates

  • Major remodel year: 2005

Type & Style

  • Home type: Apartment
  • Property subType: Apartment

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,Partial,Unfinished

Bedrooms & Bathrooms

  • Bathrooms: 3

Features

  • Door features: Max Door Height: 0
  • Flooring: Carpet,Tile,Vinyl-Linoleum,Wood

Heating & Cooling

  • Heating features: 1 Unit,Baseboard - Electric,Forced Air,Electric,Gas-Propane Leased,Oil Tank Above Ground - Inside
  • Cooling features: 4+ Units,Wall Unit(s)

Interior Area

  • Total structure area: 5,500
  • Total interior livable area: 5,500 sqft

Property

Details

  • Parcel number: 1920000050000000030000
  • Attached to another structure: Yes
  • Zoning description: Commercial
  • Other equipment: Appliances,Refrigeration Unit

Features

  • Stories: 2
  • On waterfront: Yes
  • Waterfront features: Waterfront

Lot

  • Lot size: 0.46 Acres
  • Features: Level,Business District,Residential Area
  • Lot size dimensions: .46

Parking

  • Parking features: 2 Car Width,Blacktop,Parking Lot-Exclusive

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Strong Wind
    Strong WindVery High
  • Ice Storm
    Ice StormRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Ice Storm
Winter Weather
Cold Wave
Drought
Heat Wave
Lightning
Tornado

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,022$24,264
Home Insurance *$111$1,332
Property Taxes $680$8,160
Electricity $606$7,275
Total$3,419$41,028
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$117,222/yr
40% on housing$102,570/yr
45% on housing$91,173/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$73This listing

vs Other Active Listings

Avg $/sqft

ZIP 08848$401
Hunterdon County$314

vs Homes Sold Last Month

Median $/sqft

ZIP 08848$295
Hunterdon County$299

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-29Listed for sale$400,000
2026-07-29Listing removed$1,000,000
2025-09-11Listed for sale$1,000,000

For Sale by Agent

AgentNicole Yard
BrokerageColdwell Banker Realty

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