268 Academy St, Hightstown, NJ 08520-3803
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DTC · Hightstown, NJHightstown. Always verify with local authorities before improvements.
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.