1193 Rt 22 Phillipsburg, NJ 08865
- Commercial real estate
- 1,020 SF
- 0.92 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1193 Rt 22
- Lot size
- 0.92 lot acres
- Property size
- 1,020 SF
- Property type
- Commercial real estate
Description
This exceptional 1,020 sq ft commercial property, situated on a 0.92-acre lot at 1193 Route 22, Unit 1, Phillipsburg, NJ, presents a remarkable investment opportunity. Previously a BBQ restaurant, this high-traffic location boasts unparalleled visibility directly across from the site of a former mall undergoing redevelopment into a substantial residential and commercial complex. The property's strategic position offers easy access to Route 78 and downtown Phillipsburg, ensuring high customer traffic and accessibility. The sale includes both the building and the expansive 0.92-acre lot, complete with a large paved parking area capable of accommodating up to 30 vehicles. This makes it perfectly suited for a variety of uses, including national restaurant chains, drive-thru establishments, or retail businesses seeking a prime location with significant growth potential. The asking price is $1,300,000. Don't miss this chance to acquire a property in a rapidly developing area with exceptional visibility and convenient access to major transportation routes. This is a rare opportunity to establish a thriving business in a high-demand location.
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
- Phillipsburg
- County
- Warren
- State
- New Jersey
- Longitude
- -75.1833
- Latitude
- 40.696
