2139 Route 206, Belle Mead, NJ 08502

3,245 SF | 65% Leased | Retail Building | Belle Mead, NJ 08502 | $1,100,000 ($339/SF) | 6.50% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $1,100,000

Property Type
Retail
Square Feet
3,245 SF
Price / Square Foot
$339

Listing Contacts

Charles Horn
Charles Horn
Verified Profile
  • Property Info

Property Overview

This 3,245+ SF mixed-use ‘Residential Over Retail’ commercial building is sited on .828 acres or .97 acres (tax map indicates the property is .828 acres, and the tax record indicates the property is .97 acres), on the northbound side of Route 206, in Montgomery Township. The building is comprised of a dental practice (“Belle Mead Orthodontics”) on the 1st floor, with two 1-bedroom/1-bathroom apartments above the Dental office. The lease for the tenant on the 1st floor is good through 4/30/2027, the tenant has a one 5-year option for renewal. The 1st Floor lease is a NNN lease. The two apartments above the Dental office are essentially vacant for the time being, presenting an opportunity to maximize income, net profit, and overall value. The parking lot facilitates 15+ parking stalls. The property is zoned “CC-2” and the principal permitted uses are as follows: retail sales of goods & services; banks, including drive-in facilities; offices & office buildings; small animal hospitals (in the CC-2 district only), excluding outside facilities and kennels; child care centers licensed by the Dept. of Human Services; public utility uses as a conditional use under N.J.S.A. 40:55D-62; service stations (in the CC-2 District only) as a conditional use under N.J.S.A. 40:55D-67 (See Montgomery Twp. Chapter 16. Land Development Section 16-4.11 CC-1 and CC-2 Community Commercial land use districts for all permitted and accessory uses). All three rental units are separately metered for gas & electricity. Public water. Septic system. The utilities are located in the basement & partial basement (both have interior and exterior access). The 1st floor commercial space entrance is on the south-facing side of the building, and the two residential apartments on the 2nd floor have a separate entrance on the north-facing side of the building. Ideal for an investor, and/or, owner/user. Please contact the Listing Agent... Charles G. Horn, at (609) 933-9300 (Cell/Text) for additional details and to schedule a showing appointment.

Property Details

Year Built/Renovated
1860/1960
Stories
2
Property Subtype
Storefront Retail/Residential, Freestanding, Medical, Office/Residential
Lot Size (sq. ft)
36,155 SF

Highlights

  • Mixed Use Commercial Property- 2 Residential Apartments over Retail/Medical Office...
  • 3,245+ SF Free-Standing Building Sited on .828 acres - .97 Acres on Route 206 (Northbound) in Montgomery Township...
  • Retail/Medical Office Is Leased Through 4/30/2027 with an Option to Renew for 5 Years...
  • Lease Out the 2 Residential Apartments Over The Dental Office...
  • Located Between Princeton Township & Hillsborough Township on Busy Route 206...
  • Actual & Proforma Financials Available with a NDA...

FAQ

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.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
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].