60 Millstone RdFranklin Township, NJ 08873

Property Details for 60 Millstone Rd

Construction

BRICK

Lot size

0.16 AC

Property size (Sq ft)

3,375 SF

Zone code

HBD

Property type

Parking lots & garages

APN

08 00135- 01-00021

APU

8001350100021

Description

This exceptional 3,600 square foot commercial property, situated on a 0.16-acre lot at 60 Millstone Rd, Unit 60, Somerset, NJ, presents a unique opportunity for a variety of businesses. Recently updated, this flex space is perfectly suited for contractors, distributors, warehouse operations, office use, or a combination thereof. The warehouse component encompasses approximately 1,600 square feet, featuring 10-foot high ceilings, a convenient drive-in door, freshly painted floors, a practical utility sink, pre-installed storage racks, and a dedicated work area. The office space is equally impressive, boasting a formal conference room, a private executive office, a well-equipped kitchenette, and a full bathroom complete with a shower. Significant upgrades include a newly installed roof, a recently paved and striped fenced-in parking lot providing ample parking, and enhanced security features such as an alarm system and security cameras. Further enhancing its functionality is a backup generator and heavy power supply. This property also includes additional lots numbered 22, 26, 27, and 28, offering potential for expansion or future development. The property's prime location in desirable Somerset, NJ, ensures high visibility and easy access to major transportation routes. This is a turnkey operation ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $820,243

  6.5%

  $757,147

  7%

  $703,065

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,111,263

  Geo Method

  $1,111,263

• Alternative Use

  Use

  Valuation

  Residential

  $638,682

  Hospitality

  $585,029

  Educational

  $486,738

  Medical

  $503,477

  Retail

  $757,147

Location Insight

City

Somerset

County

Somerset

State

New Jersey

Latitude

40.4874

Longitude

-74.4811

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].