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176 Highway 202
Flemington, NJ 08822
Hunterdon Commons · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity – Significantly Below Market Rents
- Priced at Only $86 Per Square Foot
- Located on US-202 – Over 46,000 Vehicles Per Day
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
60,000 SF
Building Class
B
Year Built/Renovated
1930/2017
Price
$5,000,000
Price Per SF
$83.33
Cap Rate
8.22%
NOI
$410,913
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
5.09 AC
Zoning
B-2 - Commercial Zoning
Parking
176 Spaces (2.93 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 21-00080-0000-00001 | Improvements Assessment | $2,486,500 |
| Land Assessment | $1,013,500 | Total Assessment | $3,500,000 |
PROPERTY TAXES
Parcel Number
21-00080-0000-00001
Land Assessment
$1,013,500
Improvements Assessment
$2,486,500
Total Assessment
$3,500,000
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