& Rt. 206 Bellemead Griggstown Rd Montgomery, NJ 08502
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.