522 Memorial Pkwy, Phillipsburg, NJ 08865
CommercialSale - Phillipsburg Town, NJ
- Added:
- Apr 21, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 11 at 5:06 am
Property Features for 522 Memorial Pkwy
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,764 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7854
Utilities
- Heating system
- Baseboard, Hot Water (Heating)
Building Details
- Year built
- 1921
- Number of units
- 1
- Flooring type
- Carpet, Wood
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent John Carriere (908) 581-0300
Listing office BHHS Fox & Roach Hunterdon County Regional Office 54 Old Highway 22, NJ (908) 735-9700
Listing date Apr 21, 2026
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime highway location with excellent visibility and signage.
- Versatile layout suitable for various professional uses or potential residential conversion (with approvals).
- Ample private parking.
- Two‑story building with separate first and second floor office spaces, each with its own bathroom.
- First floor features impressive wall‑to‑wall built‑in wooden bookcases.
- Two electric meters providing utility flexibility.
Overview
The property is positioned in a prime highway location with excellent visibility and signage, supported by public utilities. Ample private parking is available on site. For utilities, the building is serviced by two electric meters, and heating is provided by oil, with natural gas available in the street for a potential upgrade.
Most recently used as an attorney’s office, the configuration can translate well to a range of office users that value reception flow, multiple meeting spaces, and private office coverage on both levels. The property also presents potential for alternative concepts, including conversion or mixed-use, subject to proper municipal approvals.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phillipsburg
- County
- Warren
- State
- New Jersey
- Longitude
- -75.1847
- Latitude
- 40.69627
