1370 Millstone Riv Rd Hillsborough Township, NJ 08844
- Commercial real estate
- 3,809 SF
- 0.80 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1370 Millstone Riv Rd
- Construction
- FRAME
- Lot size
- 0.80 lot acres
- Property size
- 3,809 SF
- Zone code
- HR1
- Property type
- Commercial real estate
- APN
- 12 00001- 01-00005
- APU
- 12000010100005
Description
This exceptional commercial property at 1370 Millstone River Road in Hillsborough Township, NJ (08844) presents a unique investment opportunity. The 3,809 square foot building sits on a 0.8-acre lot and is zoned HR1. Previously utilized as a bank, the property boasts a versatile floor plan. The ground floor features an open concept layout, highlighted by a central vault and private office. Upstairs, you'll find several separate office suites and restrooms, providing flexibility for various business needs. The building's brick exterior is complemented by ample parking accommodating 16 vehicles, and two distinct entrances/exits enhance accessibility. The property's strategic location at a traffic light controlled corner offers excellent visibility and convenient access. Its proximity to Manville, Franklin Township, and Route 206 ensures high traffic flow and easy commuting for employees and clients. The two-story structure offers a total of one building suite. The property's APN is 12000010100005. This is a rare opportunity to acquire a well-maintained commercial building with significant potential in a desirable New Jersey location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $300,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $365,000
- Mixed-Use
- $310,000
- Hospitality
- $270,000
- Educational
- $295,000
- Residential Income
- $315,000
- Energy
- $375,000
- Income-Based Land
- $290,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Hillsborough
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5891
- Latitude
- 40.5031
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA