Property Details for 884 Us-206

Year built

1916

Lot size

0.95 lot acres

Property size

9,358 SF

Property type

Retail properties & Spaces

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property in Hillsborough Township, Somerset County, New Jersey, presents a rare investment opportunity. The offering encompasses a 7,186 square foot free-standing commercial/industrial building and a separate 4-bedroom single-family residence, both situated on a nearly one-acre lot with excellent Route 206 visibility. The commercial building, formerly housing "Belle Mead Hot Glass," boasts ceiling heights ranging from 9 to 23 feet, a drive-in door, abundant electrical service, natural gas piping, a full bathroom, kitchenette, safety shower, skylights, and LED lighting. The second floor offers additional office and workspace overlooking a large, high-ceilinged area. The C-1 zoning permits various uses, including retail, offices, medical centers, and restaurants, while a Board of Adjustment Resolution allows for manufacturing. The residential component, currently leased at $2,500 per month plus utilities, features 2,172 square feet and is under lease until October 31, 2023. The property includes 11+ parking spaces and convenient access to Route 206 and the Route 206 Bypass. Public water and sewer are available. Built in 1916 and renovated in 2019, this two-story, two-building property offers a unique blend of commercial and residential income potential. The asking price is $1,450,000, translating to $154.95 per square foot. Comprehensive documentation, including the residential lease, property survey, certificate of occupancy, Board of Adjustment Resolution, building plans, and land use ordinance, is available upon request.

Location Insight

City

Hillsborough Township

County

Somerset

State

New Jersey

Longitude

-74.6573

Latitude

40.4758