834 Rte Hillsborough Township, NJ 08844
This exceptional 1.9-acre commercial property, located at 834 Route 206 in Hillsborough Township, New Jersey (zip code 08844), presents a unique investment opportunity. Priced at $799,000, this flat, rectangular parcel boasts approximately 228 feet of frontage on State Highway #206, experiencing an estimated 36,000 vehicles daily. The existing 1,300 square foot building is in average condition and can be renovated or demolished to suit the buyer's needs. The property is zoned Broad Highway Commercial, permitting most commercial uses. All utilities are conveniently located on-site. A Letter of Interpretation from the New Jersey Department of Environmental Protection is available, confirming the absence of wetlands and providing short-term feasibility. Site plans and surveys are readily accessible. This corner lot benefits from a nearby traffic light and is ideally situated less than 1/8 of a mile from the new Somerville-Hillsborough-Montgomery By-Pass. The property's strategic location is further enhanced by its proximity to a major 77,000 square foot shopping center (1.1 miles away) and neighboring businesses including Moe's Southwest Grill, a diner, and multiple gas stations. The seller, established for 54 years, offers this property for the first time. This is a rare chance to acquire a high-visibility retail site in a thriving New Jersey market.
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
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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.