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Property profile & analytics
OFF-MARKET
Commercial real estate

28 Old Hwy Readington, NJ 08889

0.33 ac lot Built 1925
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located on Old Highway 28 in Readington, New Jersey, presents a unique investment opportunity. Situated on a 0.33-acre lot, this general commercial space offers significant flexibility. The building's design allows for subdivision into two separate units, providing potential for multiple tenants or expansion based on individual business needs. The property is priced at $15 million, representing a compelling value in the thriving Readington market. This is a triple-net lease arrangement, meaning the tenant is responsible for all operating expenses, including common area maintenance (CAM), property taxes, and utilities. This structure simplifies the landlord's responsibilities and provides predictable income streams. The absence of CAM charges further enhances the attractiveness of this investment. The property's location on Old Highway 28 offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The flexible layout and straightforward lease terms make this property an attractive option for both established businesses seeking expansion and entrepreneurs looking to establish a new presence in Readington. The 0.33-acre lot provides ample space for parking and potential future development. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location with significant upside potential. Serious inquiries are encouraged. The square footage is not currently specified and is available upon request.

Property profile
Verified
Property type Commercial real estate
Year built 1925
Lot 0.33 ac (14,375 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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