Versatile Commercial Building on
522 Memorial Pkwy Phillipsburg, NJ 08865
For Sale
$435,000
Two-story commercial building with flexible layout and highway visibility.
Property Size1,764 SF
Price / SF$246.60
Days on Market98
Property Features for 522 Memorial Pkwy
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Commercial
Building Details
Year Built
1921
Listing Agency:
BHHS FOX & ROACH
(908) 735-9700
Listed By:
JOHN H. CARRIERE
Source:
Corcoran
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 27 at 9:09AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Prime highway location with excellent visibility and signage.
- Versatile two‑story layout suitable for various professional uses or potential conversion.
- Ample private parking.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
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
NOI $46,586 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
