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Property profile & analytics
FOR SALE
Commercial real estate

522 Memorial Pkwy Phillipsburg, NJ 08865

1,764 SF 0.24 ac lot Built 1920
Individually Owned Absentee Owner Free & Clear
Property ID
US59-1596350
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Construction FRAME
Total area 1,764 SF
Lot 0.24 ac (10,411 SF)
Zoning code B-2
APN 19 01109-0000-00001
UPID US59-1596350
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
NOT AVAILABLE FROM DATA SOURCE
NOT AVAILABLE FROM DATA SOURCE
Zoning & alternative use
B-2 · Phillipsburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name General Business
General category COMMERCIAL
Zone area 88.64 ac
Source Microsoft Word - O2014-13.doc
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