1377 Main St Hillsborough Township, NJ 08844
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.
Cap rate
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Property description
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