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    403 Us Hwy, Unit 206 Hillsborough, NJ

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    For Lease
    Contact for pricing

    Redevelopment opportunity in Hillsborough retail corridor along Route 206.

    Property size:
    5,928 SF
    Lot size:
    1.76 Acres

    Property Features for 403 Us Hwy

    General Information

    Size
    5,928 SF
    Lot size
    1.76 Acres

    Source: Pierson Commercial Real Estate Agent Ryan Starkman, MBA

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

    Overview

    Hillsborough Retail Redevelopment Opportunity

    This redevelopment opportunity is situated in the heart of the Hillsborough retail corridor along Route 206. The property offers rear access to Town Centre Drive, which provides a traffic-controlled light onto Route 206. Multiple redevelopment options are available for the former bank property. Concept Plan A allows for up to 9,200 square feet with an end-cap drive-thru and multiple divisions. Concept Plan B provides a freestanding single-tenant drive-thru up to 4,450 square feet. The location benefits from a dense market, drawing from a vast area of surrounding towns with a residential population of approximately 81,000 people and strong median incomes of approximately $122,000 within a 5-mile radius. The property size is 5,928 square feet, making it suitable for banks, individual retail properties, retail properties, drive-through restaurants, restaurants, and retail space.
    Location Intelligence

    Current Use by Public Records

    Banks

    Map

    City
    Hillsborough
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.4173877
    Latitude
    40.1899274

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    FAQs

    What type of property is this?
    Bank - Redevelopment opportunity in Hillsborough retail corridor along Route 206.
    Where is this bank located?
    The property is located at 403 Us Hwy, Unit 206 Hillsborough, NJ.
    What are key features of this property?
    This property features: - High-traffic location on Route 206 in the Hillsborough retail corridor.; - Redevelopment opportunity with concept plans for up to 9,200 SF or a freestanding drive-thru.; - Rear access to Town Centre Drive and a traffic-controlled light onto Route 206.
    (732) 707-6900
    Request Owner's contact information
    403 Us Hwy, Unit 206 Hillsborough, NJ
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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
    403 Us Hwy, Unit 206 Hillsborough, NJ
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