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Property profile & analytics
OFF-MARKET
Land

324 Us-202 Flemington, NJ 08822

12.78 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 12.78-acre industrial land parcel in Flemington, New Jersey, presents a remarkable opportunity for development. Located at 324 US-202, Hunterdon County, zip code 08822 (latitude 40.5042568, longitude -74.8486771), this B-2 zoned property boasts approved plans for a state-of-the-art distribution and logistics center. The plans encompass two buildings totaling 105,268 square feet, providing ample space for a variety of industrial uses. Building A comprises 51,000 square feet, featuring five drive-in doors, space for an additional 17 loading docks (totaling 22), and a 30-foot ceiling height. Building B offers 54,268 square feet, divided into two 27,134 square foot floors, with 10 drive-in doors, a 19-foot first-floor ceiling height, a 15-foot second-floor ceiling height, and one passenger elevator. The property also includes 257 parking spaces. This prime location offers unparalleled access to major transportation arteries, situated just 10 miles from Highways 287 and 78, and 15 miles from Highway 295, providing seamless connectivity to the broader New Jersey and tri-state area. Its proximity to Manhattan (56 miles) and Philadelphia (50 miles) further enhances its strategic value. The asking price for this exceptional development opportunity is $5,500,000. Approvals are currently in progress.

Property profile
Verified
Property type Land
Lot 12.78 ac (556,697 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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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