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230 US Highway 206 19,644 SF 100% Leased Retail Building Hillsborough, NJ 08844 $2,900,000 ($147.63/SF)
Investment Highlights
- Welcome to a prime owner/user opportunity to acquire a single-tenant, mixed-use asset.
- Ideal for an owner/user looking to occupy mixed-use space. The property is a blend of retail and industrial with office and storage space available.
- On-site tenant includes United Rent All (the current owner’s business).
- Located in the heart of Hillsborough, New Jersey, offering a prime commercial presence along one of the region’s most traveled corridors.
- Permitted uses include convenience stores, retail, office, showroom/ storage space, and more with C1 Neighborhood Shopping District zoning.
Executive Summary
Welcome to a unique owner/user opportunity to acquire the mixed-use asset at 230 US Highway 206, approximately 50 miles from the bustling New York City metro.
230 US Highway 206 spans 19,644 square feet among three levels featuring three drive-in doors and one loading dock. The ground floor spans 11,356 square feet, providing ample space for operational activities and warehouse use. The second floor comprises an additional 6,468 square feet of adaptable space for retail and showroom purposes. The mezzanine floor provides 1,820 square feet of additional office space. There are approximately 40 parking spaces, with extra yard space available for cars or box trucks. C1 Neighborhood Shopping District zoning supports a wide range of commercial tenants to continue to occupy the large building.
This property benefits from excellent visibility and accessibility, with direct frontage on US 206 and proximity to major intersections and local amenities. The surrounding area features a mix of retail, office, and residential developments, making it an ideal location for businesses seeking high traffic exposure and convenience.
About 118,239 locals reside within the subject property’s 5-mile radius. There is a powerful average household income exceeding $151,100, and an annual consumer spending power of more than $1.8 billion. Of the daytime employment sectors, trade, transportation, and utilities, as well as education and health services, and manufacturing, are the largest.
Don’t miss the chance to acquire 203 US Highway 206, a strategic opportunity in a thriving Somerset County community.
230 US Highway 206 spans 19,644 square feet among three levels featuring three drive-in doors and one loading dock. The ground floor spans 11,356 square feet, providing ample space for operational activities and warehouse use. The second floor comprises an additional 6,468 square feet of adaptable space for retail and showroom purposes. The mezzanine floor provides 1,820 square feet of additional office space. There are approximately 40 parking spaces, with extra yard space available for cars or box trucks. C1 Neighborhood Shopping District zoning supports a wide range of commercial tenants to continue to occupy the large building.
This property benefits from excellent visibility and accessibility, with direct frontage on US 206 and proximity to major intersections and local amenities. The surrounding area features a mix of retail, office, and residential developments, making it an ideal location for businesses seeking high traffic exposure and convenience.
About 118,239 locals reside within the subject property’s 5-mile radius. There is a powerful average household income exceeding $151,100, and an annual consumer spending power of more than $1.8 billion. Of the daytime employment sectors, trade, transportation, and utilities, as well as education and health services, and manufacturing, are the largest.
Don’t miss the chance to acquire 203 US Highway 206, a strategic opportunity in a thriving Somerset County community.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
19,644 SF
Building Class
B
Year Built
1986
Price
$2,900,000
Price Per SF
$147.63
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.16
Lot Size
2.78 AC
Zoning
C1 - Neighborhood Shopping Center District - Previous Use United Tool Rental. Ideal for Mixed Use, Retail, Distribution. Has 3 drive-in doors & loading.
Parking
40 Spaces (2.04 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Mezzanine
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-00152-06-00030 | Improvements Assessment | $836,200 |
| Land Assessment | $675,600 | Total Assessment | $1,511,800 |
Property Taxes
Parcel Number
10-00152-06-00030
Land Assessment
$675,600
Improvements Assessment
$836,200
Total Assessment
$1,511,800
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230 US Highway 206
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