439 Us-202 Flemington, NJ 08822
- Land
- 7.27 lot acres
Current Use by Public Records
- Land
Property Details for 439 Us-202
- Lot size
- 7.27 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Flemington
- County
- Hunterdon
- State
- New Jersey
- Longitude
- -74.8325
- Latitude
- 40.5115
