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Property profile & analytics
OFF-MARKET
Land

1377 Main St Hillsborough Township, NJ 08844

4,123 SF 0.54 ac lot Built 1925
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 1377 Main Street in Millstone, New Jersey, presents a unique investment opportunity. The 0.54-acre lot features a two-story, 4,123 square foot building constructed in 1925. Currently configured as a three-unit mixed-use building, the property boasts a rich history, having previously served as the Somerset County Clerk's Office. The ground floor maintains its setup as a liquor store and bar, complete with a liquor license for both on-site consumption and package goods. The upper floor comprises a three-bedroom apartment and a one-bedroom apartment, providing additional income streams. The property is zoned HB and benefits from a prominent corner location with a traffic light, ensuring high visibility. An expansive 120x92 foot lot provides ample parking. The asking price is $1,000,000, translating to $242 per square foot. This property offers a blend of historical charm, established commercial use, and significant potential for future development or expansion. The APN is 1200003000000004. This is a rare opportunity to acquire a well-situated, income-generating property in Hillsborough Township, Somerset County, New Jersey, zip code 08844.

Property profile
Verified
Property type Land
Year built 1925
Total area 4,123 SF
Lot 0.54 ac (23,522 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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