1370 Millstone Riv RdHillsborough Township, NJ 08844

  • Commercial real estate
  • 3,809 SF
For Lease
$0.06/SF/YR View listing

Property Details for 1370 Millstone Riv Rd

Construction
FRAME
Lot size
0.80 AC
Property size (Sq ft)
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $720,812
    Hospitality
    $660,260
    Educational
    $549,328
    Medical
    $568,221
    Retail
    $854,511
1370 Millstone Riv Rd, Hillsborough Township, New Jersey

Location Insight

City
Hillsborough
County
Somerset
State
New Jersey
Latitude
40.5031
Longitude
-74.5891
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$7,657
$182,300
$198,500
$380,800
-
$182,300
$198,500
$380,800

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