522 Memorial Pkwy Phillipsburg, NJ 08865
This exceptional 1,764 sq ft commercial building in Phillipsburg, NJ, presents a fantastic investment opportunity. Located at 522 Memorial Parkway, Unit 0, this two-story property boasts a prime highway location, offering excellent visibility and accessibility. Previously used as an attorney's office, the space features a spacious reception area, multiple private offices, and several conference rooms, making it suitable for a variety of professional uses. The main office area is highlighted by attractive built-in wooden bookcases. Both floors include private bathrooms—a full bath on the first floor and a half bath on the second. A convenient kitchenette is located on the second floor. Ample private parking is available on the 0.24-acre lot. The building benefits from excellent highway signage and access to public utilities. Currently heated by oil, natural gas is available at the street for potential conversion. Two electric meters provide flexibility in utility management. The property's history as a two-family residential home offers potential for conversion or mixed-use development, subject to necessary town approvals. Its strategic location is approximately one mile from the Delaware River Toll booth into Easton, PA, and minutes from Routes 22, 78, and 519. The property is being sold AS IS.
applied to all development proposals located in the B-2 zone. Each application for development shall document how each standard is addressed. A. General. (1) There shall be no outside display or storage of materials or merchandise in a required front yard area. (2) When a written agreement is provided by adjoining property owners, no side yard is required be…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Phillipsburg, NJapplied to all development proposals located in the B-2 zone. Each application for development shall document how each standard is addressed. A. General. (1) There shall be no outside display or storage of materials or merchandise in a required front yard area. (2) When a written agreement is provided by adjoining property owners, no side yard is required between properties of separate ownership where two or more commercial uses abut side to side. A series of abutting structures paralleling a public right-of-way shall provide an unobstructed passage of at least 30 feet in width at intervals of not more than 200 feet. (3) As viewed from the street, buildings shall have at least 50% of the front façade located as close to the street line as is allowed in the schedule of area requirements. (4) A required rear yard that is adjacent to a residential zone shall be no less than the rear yard requirements in the adjacent residential zone. (5) Abutting residential zones shall be buffered and screened in accordance with
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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.