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    344 Nj-31 Flemington, NJ 08822

    Sponsored
    For Sale
    $399,901

    5 Acres, I-2 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.02-acre industrial land parcel presents a compelling investment opportunity in Flemington, New Jersey. Located at 344 NJ-31, this property boasts I-2 zoning and offers unparalleled visibility on the busy southbound lane of Route 31. A completed wetland delineation and survey are readily available for review, streamlining the development process. Its strategic location provides easy access to major transportation arteries, situated halfway between Route 78 (Clinton) and Route 202 (Flemington), with Route 78 just 12 miles away. The site benefits from its proximity to a newly constructed Stop-N-Shop Center Plaza and a new diner, ensuring high traffic flow and excellent retail potential, potentially with a variance. The property adjoins a shopping center lot with a traffic light, further enhancing its accessibility and visibility. The asking price for this exceptional property is $399,901. Directions: From the Route 202/31 Circle, take US 202N/US 202/31, turn left onto Voorhees Corner Road, then right onto US 31

    Property Features for 344 Nj-31

    General Information

    Property type
    Land

    HighLights

    • 5.02‑acre industrial land parcel in Flemington, NJ.
    • I‑2 zoning with high visibility on Route 31's southbound lane.
    • Completed wetland delineation and survey available.
    • Excellent location, midway between Routes 78 & 202, with Route 78 12 miles away.
    • High traffic area near a new Stop & Shop and diner, offering strong retail potential.
    • $399,901 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Flemington
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.856003
    Latitude
    40.543525

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    FAQs

    What type of property is this?
    Land - 5 Acres, I-2 Zoning, High Visibility
    Where is this land located?
    The property is located at 344 Nj-31 Flemington, NJ.
    What is the asking price?
    The asking price for this property is $399,901.
    What are key features of this property?
    This property features: 5.02-acre industrial land parcel in Flemington, NJ.; I-2 zoning with high visibility on Route 31's southbound lane.; Completed wetland delineation and survey available.
    Request Owner's contact information
    344 Nj-31 Flemington, NJ 08822
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    Flemington, NJ 08822
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    344 Nj-31 Flemington, NJ 08822
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