719 Us-206 Hillsborough Township, NJ 08844
The Gateway Building, located at 719 US-206 in Hillsborough Township, Somerset County, NJ 08844, presents a unique opportunity for businesses seeking office or medical space. This Class B, two-story building, totaling 13,166 square feet, sits on a three-acre lot with ample parking and handicap accessibility. Renovated in 2017, the building boasts a blend of charming early American colonial architecture and modern updates. The recent renovations, encompassing approximately 10,000 square feet, include a refreshed foyer, lobby, and hallways, enhancing both comfort and functionality. Currently, one 879 square foot space is available for lease. The building offers multiple tenancy options and features pre-built medical office suites with the option of private bathrooms and kitchenettes. Its convenient location on heavily trafficked Route 206 North provides excellent visibility and accessibility. The professionally landscaped grounds contribute to a welcoming and attractive environment for tenants and clients alike. This property is ideal for businesses seeking a combination of historical charm and modern amenities in a thriving Somerset County location.
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
Similar Nearby for Lease
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.