340 Fleming Dr Phillipsburg, NJ 08865
This exceptional 27,600 square foot flex/warehouse property in Phillipsburg, New Jersey, presents a compelling value-add investment opportunity. Located at 340 Fleming Dr, this Class C building sits on a 1.1-acre lot in Warren County (zip code 08865) and offers significant potential. The property features a three-story structure with four units, currently vacant, and is zoned I-1, allowing for a variety of uses. The building boasts 14-foot ceilings, one loading dock, and ten dock-high doors, ideal for efficient material handling. With 27,600 square feet of net rentable space, the asking price is $1,695,000, translating to $61.41 per square foot. Its strategic location provides easy access to Routes 22 and I-78, enhancing its appeal to businesses seeking convenient transportation links. The ample lot size allows for substantial outdoor storage, further increasing its versatility. The flexible layout permits division into smaller spaces, with a minimum of 6,000 square feet per unit, catering to diverse business needs. This property is an excellent choice for businesses seeking expansion or a new venture in a prime New Jersey location. The vacant status allows for immediate occupancy and customization to suit specific operational requirements.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.