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    198 Us-202 Flemington, NJ 08822

    Sponsored
    For Sale
    $2,750,000

    12.31 Acres, $2.75M, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12.31-acre industrial land parcel in Flemington, New Jersey, presents a unique investment opportunity. Located at 198 US-202, the property boasts a highly desirable B2 zoning designation, opening doors to a wide range of commercial and industrial uses. Its strategic location near major retailers such as Home Depot and numerous car dealerships ensures excellent visibility and accessibility, a rare combination in this competitive market. The asking price of $2,750,000 is considered below market value, making this a compelling proposition for developers and investors alike. While currently undergoing an underground water cleanup, the property will be delivered clean and accompanied by an insurance policy to fully protect the buyer. This ensures a smooth transition to development, allowing for immediate planning and construction. The site's potential is vast, and consultation with an architect is recommended to fully explore its development possibilities. The property is situated in Hunterdon County, New Jersey, with a zip code of 08822, and offers significant potential for lease prior to purchase. Don't miss this chance to acquire a prime piece of industrial real estate in a thriving New Jersey location.

    Property Features for 198 Us-202

    General Information

    Property type
    Land
    Lot Size
    536,224 SF

    HighLights

    • $2,750,000 asking price.
    • 12.31‑acre industrial land parcel.
    • Located in Flemington, NJ (Hunterdon County), at 198 US‑202, zip code 08822.
    • Zoned for Industrial/Commercial use.
    • Excellent visibility and access; near major retailers.
    • Pending environmental remediation; buyer protected by insurance policy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Flemington
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.861226
    Latitude
    40.4845

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    FAQs

    What type of property is this?
    Land - 12.31 Acres, $2.75M, High Visibility
    Where is this land located?
    The property is located at 198 Us-202 Flemington, NJ.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: $2,750,000 asking price.; 12.31-acre industrial land parcel.; Located in Flemington, NJ (Hunterdon County), at 198 US-202, zip code 08822.
    Request Owner's contact information
    198 Us-202 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
    198 Us-202 Flemington, NJ 08822
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