1188 Millstone River RdHillsborough, NJ 08844

Property Details for 1188 Millstone River Rd

Year built

1949

Lot size

3.36 AC

Property size (Sq ft)

7,060 SF

Zone code

R

Property type

Commercial real estate

APN

10 00183- 01-00041

APU

10001830100041

Description

This unique investment property in Hillsborough, NJ, presents a rare opportunity to acquire a mixed-use building encompassing a recently renovated two-bedroom apartment situated above a long-established flower shop. The property also includes a sizable greenhouse, adding to its versatility and potential income streams. The flower shop has a pre-existing, non-conforming use, providing a significant advantage in a high-traffic residential area. The 3.36-acre lot offers ample parking, enhancing the convenience for both the flower shop's customers and the apartment's residents. The lease agreement covers the flower shop, the apartment, and the greenhouse, providing a comprehensive income stream from multiple sources. This presents a compelling investment opportunity for those seeking a diversified portfolio with established tenants and significant potential for future growth. The property's location in a high-traffic residential area ensures consistent visibility and accessibility. The combination of a residential component and a well-established commercial business makes this a truly unique and attractive investment. The recent renovations to the apartment enhance its appeal and rental value. The large greenhouse offers additional possibilities for expansion or diversification of the existing business. This property is being offered at $5,000. Serious inquiries only.

• Alternative Use

  Use

  Valuation

  Residential

  $1,336,028

  Hospitality

  $1,223,795

  Educational

  $1,018,183

  Medical

  $1,053,200

  Retail

  $1,583,840

Location Insight

City

Hillsborough

County

Somerset

State

New Jersey

Latitude

40.5157

Longitude

-74.5887

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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