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    Millstone River Rd Hillsborough, NJ 08844

    Sponsored
    For Sale
    Contact for pricing

    Bank Building, 2 Floors, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, situated on a 0.8-acre lot at the corner of a traffic-controlled intersection in Millstone River Road, Hillsborough, NJ, presents a wealth of redevelopment opportunities. Previously utilized as a bank, the building boasts a substantial presence and high visibility due to its prime location. The main floor features an expansive open-concept layout, complemented by a private office and a secure vault, ideal for a variety of businesses. Upstairs, the second floor provides several separate office suites and multiple bathrooms, offering flexibility for diverse operational needs. The building's exterior is constructed of durable brick, enhancing its aesthetic appeal and longevity. Ample parking is available for employees and clients, further enhancing its practicality. The property also benefits from two distinct entrances and exits, facilitating efficient traffic flow. Its strategic location offers easy access to neighboring towns such as Manville and Franklin Township, and enjoys close proximity to Route 206, ensuring excellent connectivity and accessibility. The asking price is $19 million. This property is a rare find, offering significant potential for a wide range of commercial ventures. The building's solid construction, desirable location, and versatile layout make it an attractive investment opportunity.

    Property Features for Millstone River Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    34,848 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hillsborough
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.59128
    Latitude
    40.52785

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    FAQs

    What type of property is this?
    Commercial real estate - Bank Building, 2 Floors, High Visibility
    Where is this commercial real estate located?
    The property is located at Millstone River Rd Hillsborough, NJ.
    What is the asking price?
    The asking price for this property is $19.
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    Millstone River Rd Hillsborough, NJ 08844
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Millstone River Rd Hillsborough, NJ 08844
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