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Property profile & analytics

Millstone River Rd Hillsborough, NJ 08844

  • Commercial real estate
  • 0.80 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Commercial real estate

Property Details for Millstone River Rd

Year built
1960
Lot size
0.80 lot acres
Property type
Commercial real estate

Description

This exceptional commercial property, situated on a 0.8-acre lot at the corner of a traffic-controlled intersection in Millstone River Road, Hillsborough, NJ, presents a wealth of redevelopment opportunities. Previously utilized as a bank, the building boasts a substantial presence and high visibility due to its prime location. The main floor features an expansive open-concept layout, complemented by a private office and a secure vault, ideal for a variety of businesses. Upstairs, the second floor provides several separate office suites and multiple bathrooms, offering flexibility for diverse operational needs. The building's exterior is constructed of durable brick, enhancing its aesthetic appeal and longevity. Ample parking is available for employees and clients, further enhancing its practicality. The property also benefits from two distinct entrances and exits, facilitating efficient traffic flow. Its strategic location offers easy access to neighboring towns such as Manville and Franklin Township, and enjoys close proximity to Route 206, ensuring excellent connectivity and accessibility. The asking price is $19 million. This property is a rare find, offering significant potential for a wide range of commercial ventures. The building's solid construction, desirable location, and versatile layout make it an attractive investment opportunity.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Hillsborough
County
Somerset
State
New Jersey
Longitude
-74.5913
Latitude
40.5279
More about this property
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