Property profile

268 Academy St Hightstown, NJ 08520

OFF-MARKET
Commercial real estate
Property ID
US59-1858253
0.23 ac lot
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This fee-simple, 2,500 square-foot medical office building in Hightstown, New Jersey, is available for $625,000 ($250/sq ft). Located at 268 S. Academy St, this single-tenant, 100% occupied Class B property boasts a convenient downtown location across from the Hightstown Post Office. Ample private parking is available, supplemented by nearby public parking. A small park behind the building adds to its appeal. Built in 1970, the one-story building sits on a 0.229-acre lot and is zoned for commercial use, offering a wide range of permitted uses within the Downtown Core (DTC) zoning designation. These include retail, personal and business services, offices, public facilities, child care centers, bars and taverns, restaurants (excluding drive-thrus), banks, publishing facilities, and art galleries. The interior features four examination rooms, three restrooms, a private office, a conference room, a pantry, and storage rooms. The lease type is NNN. This property presents a strong investment opportunity due to its versatile zoning and desirable location. The building's current configuration is ideal for a medical practice, but its flexible zoning allows for a variety of other uses.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.23 ac (9,984 SF)
Zoning code DTC
APN 04 00060-0000-00024
UPID US59-1858253

Cap rate & NOI

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

Location

268 Academy St Hightstown, NJ 08520-3803
Hightstown metro Census 4403 TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$285k

Owner & transaction history

since 2025
Last sale
$575,000
2 recorded transactions
2025
$575,000
2010
$305,000

Zoning & alternative use

DTC · Hightstown, NJ
Zoning description

DTC Downtown Core. § 28-3-14 HC Highway Commercial District. § 28-3-15 DTG Downtown Gateway. § 28-3-16 RO Research Office District. § 28-3-1 Districts established. [1991 Code § 233-4; Ord. No. 93-852 ; Ord. No. 2025-05 ,…

General category COMMERCIAL

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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