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    552 Allen Rd Basking Ridge, NJ 07920

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    For Lease
    Contact for pricing

    Retail space for lease in master-planned community.

    Property size:
    60,806 SF
    Lot size:
    60,806 SF

    Property Features for 552 Allen Rd

    General Information

    Size
    60,806 SF

    Source: Peter Wisniewski Agent Peter Wisniewski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Highlands Village

    A 1,060 square foot retail space is available for lease at Highlands Village Center. The center is situated less than 2 miles from Exit 33 off I-78 and approximately 1 mile from Liberty Corner Road, Exit 22 off I-287 (Pluckemin-Bedminster), providing easy access to Route 202-206. Highlands Village Center is located in "The Hills," a master-planned community encompassing both Bernards Township (Basking Ridge) and Bedminster in Somerset County. "The Hills" includes 4,728 homes situated on 1,800 acres of land. The building size is 60,806 square feet on 11.14 acres. Traffic count data from CoStar (2017) indicates 6,828 vehicles daily on Allen Road. The property features 359 surface parking spaces. Co-tenants include Rite Aid Pharmacy, Chu's Cafe, Village of Highlands Cleaners, Dunkin' Donuts, Veneto Gourmet Deli & Pizza, The Wine Rack, Dental Arts Vision, U.S. Postal Service, Tiny Turtle Academy, Kumon Learning Center and Theatrical Corner. Real estate taxes were $3.15 per square foot in 2017, and operating expenses are $7.30 per square foot.
    Location Intelligence

    Current Use by Public Records

    The Highlands Village Center ... Parking Lot Mettle Physical Therapy Physical Therapy Clinic Anika Paul, DPT Physical Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Building Supply Gym & Fitness Pharmacy Accounting Firm Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Highlands Village Center

    Location Insight

    • Map
    • Local Demand
    City
    Basking Ridge
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.611627
    Latitude
    40.652558

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    FAQs

    What type of property is this?
    Shopping center - Retail space for lease in master-planned community.
    Where is this shopping center located?
    The property is located at 552 Allen Rd Basking Ridge, NJ.
    What are key features of this property?
    This property features: - Located in the established master-planned community of "The Hills" with 4,728 homes.; - Easy access to major highways: I-78, I-287, and Routes 202-206.; - Highlands Village Center co-tenants include national and local retailers such as Rite Aid, Dunkin' Donuts and U.S. Postal Service.
    (973) 214-1875
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    552 Allen Rd Basking Ridge, NJ 07920
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    Basking Ridge, NJ 07920
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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
    552 Allen Rd Basking Ridge, NJ 07920
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