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    403 Rte 206 Hillsborough Township, NJ 08844

    Sponsored
    For Lease
    Contact for pricing

    13,650 SF Retail, Two Suites Available

    Lot size:
    13,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail property, located at 403 Route 206 in Hillsborough Township, New Jersey, offers 13,650 square feet of space currently available for lease. The building is comprised of two suites, providing flexibility for various business needs. One tenant could occupy the entire 13,650 square feet, or the space can be divided. Individual suites offer a minimum of 4,450 square feet and a maximum contiguous space of 9,200 square feet. The property's prime location on Route 206 in Somerset County ensures high visibility and accessibility for customers. This presents a unique opportunity for businesses seeking a prominent location with ample space in a thriving New Jersey community. The property is entirely vacant, allowing for complete customization to suit a tenant's specific requirements. The zip code is 08844. This is an ideal space for a variety of retail uses, offering significant potential for growth and success. The property's size and layout make it suitable for a single large tenant or multiple smaller businesses. Interested parties are encouraged to inquire for further details and leasing options. The property is situated at latitude 40.5066661 and longitude -74.6404465.

    Property Features for 403 Rte 206

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,650 SF

    Unit(s) available at that property

    Space
    Suite A
    Size
    9,200 SF
    Space
    Suite B
    Size
    4,450 SF

    HighLights

    • Redevelopment opportunity on Route 206 in Hillsborough's retail corridor.
    • Rear access via Town Centre Drive with traffic signal to Route 206.
    • Former bank site offers multiple redevelopment options.
    • Concept Plan A: Up to 9,200 SF, drive‑thru, divisible spaces.
    • Concept Plan B: 4,450 SF freestanding drive‑thru building.
    • Strong demographics: 81,000 residents within 5 miles, $122,000 median income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hillsborough Township
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6404465
    Latitude
    40.5066661

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    FAQs

    What type of property is this?
    Retail property - 13,650 SF Retail, Two Suites Available
    Where is this retail property located?
    The property is located at 403 Rte 206 Hillsborough Township, NJ.
    What are key features of this property?
    This property features: Redevelopment opportunity on Route 206 in Hillsborough's retail corridor.; Rear access via Town Centre Drive with traffic signal to Route 206.; Former bank site offers multiple redevelopment options.
    Request Owner's contact information
    403 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
    403 Rte 206 Hillsborough Township, NJ 08844
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