59 Reading Rd Flemington, NJ 08822
- Commercial real estate
- 1.36 lot acres
Current Use by Public Records
- Pincofski Orthodontics / Orthodontist
- Susan Pincofski / Orthodontist
- Pincofski Paul DDS / Prosthodontist
Property Details for 59 Reading Rd
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.36 lot acres
- Zone code
- R-5
- Property type
- Commercial real estate
- APN
- 21 00072- 11-00037
- APU
- 21000721100037
Description
This exceptional Class A, 8,000-square-foot shopping center in Flemington, New Jersey, presents a compelling investment opportunity. Located at 59 Reading Rd, this single-story, five-unit property boasts a 7.00% cap rate and a pro-forma cap rate of 18.00%. Built in 1991, the center sits on a 1.36-acre lot zoned R-5 Commercial, offering ample parking and excellent visibility. Currently at 30% occupancy, the property includes a dental practice leasing two suites. Each of the five spacious units features its own bathroom and utilities, providing flexibility for a variety of tenants. The contiguous units can be combined to accommodate larger users. Ideal for owner-users or investors seeking a diverse tenant mix, this property is well-suited for professional offices, retail, recreational, or medical uses. The asking price is $1,550,000, translating to $187.50 per square foot. The existing lease is a NNN lease with a 5-year term. This prime location in Hunterdon County, NJ (zip code 08822) offers significant potential for increased occupancy and revenue. Don't miss this chance to acquire a well-positioned retail property with strong upside potential.
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
- -74.8445
- Latitude
- 40.497
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
