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    834 Rte 206 Hillsborough Township, NJ 08844

    Sponsored
    For Sale
    $799,000

    Prime Retail Land, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.9-acre commercial property, located at 834 Route 206 in Hillsborough Township, New Jersey (zip code 08844), presents a unique investment opportunity. Priced at $799,000, this flat, rectangular parcel boasts approximately 228 feet of frontage on State Highway #206, experiencing an estimated 36,000 vehicles daily. The existing 1,300 square foot building is in average condition and can be renovated or demolished to suit the buyer's needs. The property is zoned Broad Highway Commercial, permitting most commercial uses. All utilities are conveniently located on-site. A Letter of Interpretation from the New Jersey Department of Environmental Protection is available, confirming the absence of wetlands and providing short-term feasibility. Site plans and surveys are readily accessible. This corner lot benefits from a nearby traffic light and is ideally situated less than 1/8 of a mile from the new Somerville-Hillsborough-Montgomery By-Pass. The property's strategic location is further enhanced by its proximity to a major 77,000 square foot shopping center (1.1 miles away) and neighboring businesses including Moe's Southwest Grill, a diner, and multiple gas stations. The seller, established for 54 years, offers this property for the first time. This is a rare chance to acquire a high-visibility retail site in a thriving New Jersey market.

    Property Features for 834 Rte 206

    General Information

    Property type
    Land
    Lot Size
    86,249 SF

    HighLights

    • $799,000 asking price.
    • 1.98‑acre lot zoned Broad Highway Commercial in Hillsborough Township, NJ.
    • Retail property with approximately 228 feet of frontage on Route 206.
    • Existing 1,300 SF building, average condition; demolition or renovation possible.
    • All utilities on site; site plan and survey available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hillsborough Township
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6544757
    Latitude
    40.4817832

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, High Traffic Area
    Where is this land located?
    The property is located at 834 Rte 206 Hillsborough Township, NJ.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: $799,000 asking price.; 1.98-acre lot zoned Broad Highway Commercial in Hillsborough Township, NJ.; Retail property with approximately 228 feet of frontage on Route 206.
    Request Owner's contact information
    834 Rte 206 Hillsborough Township, NJ 08844
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    Hillsborough Township, 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
    834 Rte 206 Hillsborough Township, NJ 08844
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