1225 Route31 Lebanon, NJ 08833
This exceptional 8,000-square-foot commercial office suite is ideally located at 1225 Route 31, Unit 3, in Lebanon, New Jersey. Situated within the attractive Red Schoolhouse Development, the property boasts a park-like setting and offers ample parking. The suite itself is beautifully appointed and features six individual offices, a spacious meeting room, a well-equipped kitchen, and a welcoming reception area. Conveniently located on the second floor, the suite is easily accessible via elevators. Its prime location on Route 31 provides excellent access to major transportation arteries, including Route 78 (Exit 18) and Route 22, ensuring effortless commutes for employees and clients. The proximity to downtown Flemington (approximately 5 miles away) offers additional convenience and access to amenities. This versatile space is perfect for both start-up companies seeking a professional environment and established businesses looking to expand or relocate. The combination of its attractive features, convenient location, and competitive price makes this an exceptional opportunity for any business seeking a high-quality office space in a desirable location. The property is offered at $290,000. The building offers a park-like setting. The suite is located on the second floor.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.