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2139 Route 206, Belle Mead, NJ 08502 2139 US Highway 206

3,245 SF 100% Leased Retail Building Belle Mead, NJ 08502 £860,695 (£265/SF) 6.50% Net Initial Yield

Investment Highlights

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

Executive Summary

This 3,245+ SF mixed-use ‘Residential Over Retail’ commercial building is sited on .828 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.

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Tenants option to buy property
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,245 SF
Year Built/Renovated
1860/1960
Price
£860,695
Price Per SF
£265
Net Initial Yield
6.50%
NOI
£55,945
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.09
Lot Size
0.83 AC
Zoning
CC-2 - Montgomery Township. Chapter 16. Land Development. Section 16-4. 11. CC-1 and CC-2 Community Commercial. See uploaded document.
Parking
15 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
129 ft on Route 206

Amenities

  • Signage
  • Tenant Controlled HVAC
  • Monument Signage

Nearby Major Retailers

Provident Bank
Pure Barre
Club Pilates

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-06002-0000-00002
Land Assessment
£211,340 (2024)
Improvements Assessment
£112,282 (2024)
Total Assessment
£323,621 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2025
  • Listing ID: 31342099

  • Date on Market: 27/03/2024

  • Last Updated:

  • Address: 2139 US Highway 206, Belle Mead, NJ 08502

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