230 US Highway 206 - Freestanding FOR SALE


Hillsborough, NJ 08844
$2,900,000 USD
908-836-7636
230 US Highway 206, Hillsborough, NJ for Sale
$2,900,000 USD
Freestanding - FOR SALE
1/12
null | Request Cap Rate

230 US Highway 206
Hillsborough, NJ 08844


HIGHLIGHTS

  • Welcome to an investor or prime owner/user opportunity to acquire a single-tenant, mixed-use asset.
  • Building can be delivered vacant. Set your own new lease terms for new tenant. Located at a signalized corner.
  • Located in the heart of Hillsborough, New Jersey, offering a prime commercial presence along one of the region’s most traveled corridors.
  • The property is a blend of retail and industrial /wwith office and storage space available.
  • Permitted uses include convenience stores, retail, office, showroom/ storage space, and more with C1 Neighborhood Shopping District zoning.
  • Ideal for an owner/user looking to occupy mixed-use space. On-site owner is United Rent All.

OVERVIEW

Welcome to an investor opportunity or unique owner/user opportunity to acquire the mixed-use asset at 230 US Highway 206, approximately 50 miles from the bustling New York City metro. Building will be delivered vacant. Set your own new lease terms for new tenant. 230 US Highway 206 spans 19,644 square feet among three levels featuring three drive-in doors and one loading dock. The ground floor spans 11,356 square feet, providing ample space for operational activities and warehouse use. The second floor comprises an additional 6,468 square feet of adaptable space for retail and showroom purposes. The mezzanine floor provides 1,820 square feet of additional office space. There are approximately 40 parking spaces, with extra yard space available for cars or box trucks. C1 Neighborhood Shopping District zoning supports a wide range of commercial tenants to continue to occupy the large building. Marketing Brochure attached in Documents. This property benefits from excellent visibility and accessibility, with direct frontage on US 206 and proximity to major intersections and local amenities. The surrounding area features a mix of retail, office, and residential developments, making it an ideal location for businesses seeking high traffic exposure and convenience. About 122,473 locals reside within the subject property’s 5-mile radius. There is a powerful average household income exceeding $165,000, and an annual consumer spending power of more than $1.87 billion. Of the daytime employment sectors, trade, transportation, and utilities, as well as education and health services, and manufacturing, are the largest. Don’t miss the chance to acquire 230 US Highway 206, a strategic opportunity in a thriving Somerset County community.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Showroom, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,097 SF

ZONING

C1

APN/PARCEL ID

10-00152-06-00030

ASK ABOUT THIS PROPERTY

Kenneth B. WordenColdwell Banker Commercial RealtyMore Info
908-836-7636

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Kenneth B. WordenColdwell Banker Commercial RealtyMore Info
908-836-7636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.