Property profile

99 Us Hwy 206 Hillsborough, NJ 08844

OFF-MARKET
Office buildings
Property ID
US59-1815788
1,672 SF 0.33 ac lot Built 1945
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.33-acre commercial property, situated at 99 US Highway 206, Unit 0, in Hillsborough, NJ, presents a unique investment or owner-user opportunity. Currently configured as a former office building, the property is being sold "as is" and requires repairs. Its strategic location within the HS Service District zoning allows for a diverse range of uses, including offices, medical facilities, financial institutions, restaurants, and various business services. The building benefits from a desirable corner lot location, providing excellent visibility and accessibility. All utilities are conveniently located on the property. The substantial size of the lot, combined with the flexible zoning, offers significant potential for redevelopment or adaptive reuse. This is an ideal opportunity for an investor seeking a value-add project or a business owner looking to establish a presence in a high-traffic area. The asking price for this property is $275,000. Given the property's location, zoning, and potential, this represents a compelling investment proposition in the thriving Hillsborough market. Serious inquiries are encouraged to explore the possibilities of this unique commercial offering. The property is sold as-is.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1945
Construction FRAME
Total area 1,672 SF
Lot 0.33 ac (14,375 SF)
Zoning code HS
APN 10 00058-0000-00001- 13
UPID US59-1815788

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

99 Us Hwy 206 Hillsborough, NJ 08844-4246
Hillsborough metro Census 53805 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2020
Last sale
$230,000
2 recorded transactions
2020
$65,000
1991
$150,000

Zoning & alternative use

HS · Hillsborough, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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