198 Us-202 Flemington, NJ 08822
This exceptional 12.31-acre industrial land parcel in Flemington, New Jersey, presents a unique investment opportunity. Located at 198 US-202, the property boasts a highly desirable B2 zoning designation, opening doors to a wide range of commercial and industrial uses. Its strategic location near major retailers such as Home Depot and numerous car dealerships ensures excellent visibility and accessibility, a rare combination in this competitive market. The asking price of $2,750,000 is considered below market value, making this a compelling proposition for developers and investors alike. While currently undergoing an underground water cleanup, the property will be delivered clean and accompanied by an insurance policy to fully protect the buyer. This ensures a smooth transition to development, allowing for immediate planning and construction. The site's potential is vast, and consultation with an architect is recommended to fully explore its development possibilities. The property is situated in Hunterdon County, New Jersey, with a zip code of 08822, and offers significant potential for lease prior to purchase. Don't miss this chance to acquire a prime piece of industrial real estate in a thriving New Jersey location.
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.