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Versatile Commercial Building on Highway

522 Memorial Pkwy, Phillipsburg, NJ 08865

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For Sale

$435,000

Two-story commercial building with flexible layout and highway visibility.

Type:Commercial

Property size:

1,764 SF

Price / SF:

$246/SF

HighLights

Prime highway location with excellent visibility and signage.
Versatile two‑story layout suitable for various professional uses or potential conversion.
Ample private parking.
Two electric meters providing utility flexibility.
First floor features a spacious reception area, multiple conference rooms, private offices, and a full bathroom.
Wall‑to‑wall built‑in wooden bookcases in the main office.

We can help!

Listing Contact

JOHN H. CARRIERE

Learn more

For Sale

$435,000

Two-story commercial building with flexible layout and highway visibility.

Type:Commercial

Property size:

1,764 SF

Price / SF:

$246/SF

Added:: Apr 22, 2026
Days on Market:: 53
Last Refresh:: Apr 22 at 8:24 pm

Property Features for 522 Memorial Pkwy

General Information

Standard status: Active
Size: 1,764 SF
Property subtype: Commercial

Building Details

Year Built: 1921

We can help!

Listing Contact

JOHN H. CARRIERE

Listing agent JOHN H. CARRIERE

Listing office BHHS FOX & ROACH

Listing date Apr 22, 2026

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of BHHS FOX & ROACH

HighLights

Prime highway location with excellent visibility and signage.
Versatile two‑story layout suitable for various professional uses or potential conversion.
Ample private parking.
Two electric meters providing utility flexibility.
First floor features a spacious reception area, multiple conference rooms, private offices, and a full bathroom.
Wall‑to‑wall built‑in wooden bookcases in the main office.

Overview

This two-story commercial building offers a versatile layout suitable for a range of professional uses. Previously used as an attorney's office, the property features a spacious reception area, multiple conference rooms, private offices, and a full bathroom on the first floor. The main office includes wall-to-wall built-in wooden bookcases. The second floor provides additional private offices, a kitchenette, and another bathroom, accommodating multi-department operations or shared professional use. The building is serviced by two electric meters, offering utility flexibility. Heating is provided by oil, with natural gas available in the street for a potential upgrade. Additional features include ample private parking, excellent highway visibility and signage, and public utilities. The property, with a size of 1764 square feet, was previously a residential two-family home, offering potential for conversion or mixed-use with proper municipal approvals. It is located in a prime highway location and is well-maintained.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$46.6k	$26.40
− Vacancy	−$9.5k	−$5.41
EGI	$37.0k	$20.99
− OpEx	−$9.3k	−$5.25
NOI	$27.8k	$15.74

1,764 SF · lease $26.40/SF/yr · vacancy 20.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$396.7K

$347.1K – $462.8K (±1% cap)

NOI $27,767 @ 7.0% cap · market cap 6.38%

Second Best

—

no second resolved use

Theoretical Best

Warehouse

$665.5K

$582.3K – $776.4K (±1% cap)

NOI $46,586 @ 7.0% cap · market cap 10.71%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Phillipsburg
County: Warren
State: New Jersey
Longitude: -75.1846941
Latitude: 40.6961793

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For sale
Office buildings
NJ
Phillipsburg
08865
522 Memorial Pkwy

What type of property is this?

Office building - Two-story commercial building with flexible layout and highway visibility.

Where is this office building located?

The property is located at 522 Memorial Pkwy Phillipsburg, NJ.

What is the asking price?

The asking price for this property is $435,000.

What are key features of this property?

This property features: Prime highway location with excellent visibility and signage.; Versatile two‑story layout suitable for various professional uses or potential conversion.; Ample private parking.

522 Memorial Pkwy, Phillipsburg, NJ 08865

Two-story commercial building with flexible layout and highway visibility.

Property Features for 522 Memorial Pkwy

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Two-Story Office Building

Phillipsburg Office Building For Sale

Mixed-Use Building with Income Potential

Mixed-Use Building with Income Potential

Restored Brick Duplex with Two 3BR Units

Phillipsburg Two-Family Home For Sale

Phillipsburg Office Building For Sale

Phillipsburg Triplex with Income Potential

74,000 SF Industrial Facility

Adaptable Industrial Building in Phillipsburg

Two-Family Home on Corner Lot

Phillipsburg Church and School Facility

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