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    & Rt. 206 Bellemead Griggstown Rd Montgomery, NJ 08502

    For Lease
    Contact for pricing

    Prime NJ Retail Space Available

    Lot size:
    102,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Montgomery Place, located at the intersection of Belle Mead Griggstown Road and Route 206 in Montgomery, New Jersey (zip code 08502), presents a significant retail and restaurant opportunity. This 102,000 square foot shopping center offers a variety of spaces, perfect for multiple tenants. The property boasts 12 suites in total, with a minimum divisible space of 1,637 square feet and a maximum contiguous space of 17,859 square feet. Currently, there is 58,705 square feet of vacant space available, providing ample opportunity for expansion or new businesses. The center is conveniently situated in Somerset County and offers extensive parking with 547 spaces for customer convenience. The property is classified as both retail and restaurant space, making it ideal for a diverse range of businesses. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. The property's size and layout provide flexibility for various business needs, from smaller boutiques to larger anchor tenants. Interested parties are encouraged to inquire about available spaces and lease terms. This is a unique opportunity to establish or expand your business in a high-traffic area with significant potential for growth.

    Property Features for & Rt. 206 Bellemead Griggstown Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    102,000 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    17,859 SF
    Space
    Available Space 4
    Size
    7,200 SF
    Space
    Tenant B
    Size
    2,281 SF
    Space
    Tenant C
    Size
    1,637 SF
    Space
    Tenant D
    Size
    3,236 SF
    Space
    Tenant E
    Size
    1,713 SF
    Space
    Tenant F
    Size
    2,782 SF
    Space
    Tenant G
    Size
    1,637 SF
    Space
    Tenant H
    Size
    2,281 SF
    Space
    Tenant I
    Size
    1,637 SF
    Space
    Available Space 1
    Size
    13,292 SF
    Space
    Available Space 3
    Size
    3,150 SF

    HighLights

    • High household income, ranked 2nd in NJ in 2019.
    • Located within a few miles of Montgomery High School.
    • Pylon signage available for high visibility.
    • Adjacent to the Grove residential complex.
    • Excellent location with 1,500 homes nearby.
    • Situated at a traffic‑controlled intersection for easy access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6581944
    Latitude
    40.4592094

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    FAQs

    What type of property is this?
    Lifestyle center - Prime NJ Retail Space Available
    Where is this lifestyle center located?
    The property is located at & Rt. 206 Bellemead Griggstown Rd Montgomery, NJ.
    What are key features of this property?
    This property features: High household income, ranked 2nd in NJ in 2019.; Located within a few miles of Montgomery High School.; Pylon signage available for high visibility.
    Request Owner's contact information
    & Rt. 206 Bellemead Griggstown Rd Montgomery, NJ 08502
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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
    & Rt. 206 Bellemead Griggstown Rd Montgomery, NJ 08502
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