Property profile

1025 Rt 523 Flemington, NJ 08822

OFF-MARKET
Land
3,381 SF Built 1967
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Property summary

AI-generated overview

This exceptional 2.4-acre commercial property in Flemington, New Jersey, presents a unique investment opportunity. Located at 1025 Rt 523, zip code 08822, the property boasts a beautifully cleared and manicured tree-lined lot with ample setback. The site features a substantial 3,381 square foot main building, complemented by an additional outbuilding equipped with power and a loft. Convenient access is provided by a curbed driveway and a spacious off-street parking area. The property also benefits from a wooded flag lot at the rear, offering additional privacy and potential. Built in 1967, this single-story structure sits on a 2.4-acre lot and offers myriad development possibilities. Potential uses include commercial ventures, live-work spaces, or even residential development, subject to obtaining the necessary variances. While some variances may or may not transfer to a new owner, the property's versatility is undeniable. Detailed 3D models, walkthroughs, and floor plans are available to fully appreciate the scope of this remarkable property. The asking price is $725,000. This is a rare opportunity to acquire a substantial commercial property in a desirable location.

Property profile

Verified
Property type Land
Year built 1967
Total area 3,381 SF

Cap rate & NOI

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

Location

1025 Rt 523 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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