Property profile

439 Us-202 Flemington, NJ 08822

OFF-MARKET
Land
7.27 ac lot
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Property summary

AI-generated overview

This exceptional 7.27-acre commercial land parcel in Flemington, New Jersey, presents a unique opportunity for hotel development. Located on busy Route 202, the property boasts pre-approved plans for a 100-room Fairfield Inn & Suites, including an adjacent restaurant. The site's APN is 21-00036-0000-00052, and it's zoned Commercial B-3. Significant progress has already been made, with approximately 75% of the land improvements completed. All necessary sewer capacity and township approvals are in place, streamlining the development process. Architectural drawings are readily available for review. The property has been appraised "as is" at $3.8 million, reflecting the substantial value of the existing improvements and the approved development plans. The Marriott franchise license is already secured, with the option for extension at the buyer's discretion. This turnkey opportunity offers significant potential for investors seeking a high-return development project in a prime New Jersey location. The asking price for this exceptional property is $2,300,000. This represents a compelling investment opportunity given the completed approvals, existing improvements, and the strong potential for future revenue generation.

Property profile

Verified
Property type Land
Lot 7.27 ac (316,681 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

439 Us-202 Flemington, NJ 08822
Flemington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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