54 State Route 12 Flemington, NJ 08822
For Lease
TRANSITION COMMERCIAL (TC) DISTRICT. [ Ord. No. 2012-01 ; Ord. No. 2012-10 ; Ord. No. 2014-6 ; amended 2-26-2018 by Ord. No. 2018-1 ; 5-26-2020 by Ord. No. 2020-7 ; 7-12-2021 by Ord. No. 2021-14 ; 4-11-2022 by Ord. No. 2022-3 ; 3-13-2023 by Ord. No. 2023-04 ; 9-11-2023 by Ord. No. 2023-23 ; amended 10-14-2025 by Ord. No. 2025-21 ] A. Purpose. The purpose of…
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TC · Flemington, NJTRANSITION COMMERCIAL (TC) DISTRICT. [ Ord. No. 2012-01 ; Ord. No. 2012-10 ; Ord. No. 2014-6 ; amended 2-26-2018 by Ord. No. 2018-1 ; 5-26-2020 by Ord. No. 2020-7 ; 7-12-2021 by Ord. No. 2021-14 ; 4-11-2022 by Ord. No. 2022-3 ; 3-13-2023 by Ord. No. 2023-04 ; 9-11-2023 by Ord. No. 2023-23 ; amended 10-14-2025 by Ord. No. 2025-21 ] A. Purpose. The purpose of the Transition Commercial (TC) District is to provide areas for more intensive commercial uses which are not appropriate for, or which require larger lots than is typical for, the Borough's downtown commercial and mixed use districts. The Borough encourages lot consolidation in order to better host the more intense uses permitted in the District. Retail sales and service uses are desirable on larger tracts of land that offer different opportunities and character than that of the downtown, as well as to further incentivize lot consolidation. B. Permitted principal uses. In the Transition Commercial Zone, no lot shall be used and no structure shall be erected, altered or occupied for any purpose except as herein described. The following establishments or uses shall be permitted: 1. Offices. 2. Medical office. 3. Childcare. 4. Indoor and outdoor recreation. 5. Theaters. 6. Higher education and training. 7. Community buildings. 8. Club facilities. 9. Animal hospital. 10. Funeral homes. 11. Research facilities. 12. Health and fitness facilities. 13. Learning center. 14. Artisan manufacturing. 15. Residential uses existing as of the date of adoption of this ordinance which may be expanded or enlarged without the need for a use variance. Any such expansion/enlargement should, however, be compliant with any applicable bulk or other requirements. 16. Any combination of one or more permitted, conditional, or accessory uses. C. Accessory uses permitted. Any of the following uses may be permitted when used in conjunction with a permitted principal use: 1. Any use which is customary and incidental to the principal use. 2. Off-street parking. 3. Fences and walls. 4. Signs, § 2631 . 5. Storage and maintenance buildings. 6. Solar facilities. 7. Community gardening. 8. Activities such as but not limited to parties, "pop up" events, art installations, performances, sales, services, and classes related to activities of or promotions for a permitted or conditional use. Said events shall be subordinate to the principal use and may be temporary/intermittent or may be a regular occurrence.
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.