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198 Route 202 12.31 Acres of Commercial Land Offered at $2,700,000 in Flemington, NJ 08822
Investment Highlights
- Last large site over 12 acres one of the last in Hunterdon
- Ready to go best zoning available
- In the heart of all dealerships
- Want to sell
Executive Summary
This site is in the heart of Flemington’s auto-dealership corridor and sits within the B-2 zone, which offers some of the broadest and most advantageous permitted uses in the municipality. Principal, permitted, and conditional uses span a wide range, including retail, commercial greenhouses, mini-warehouses, public and private parking facilities, gasoline filling stations and repair uses, and shopping centers.
The property is currently undergoing limited remediation and will be delivered with a NJDEP No Further Action (NFA) determination, along with a 10-year, $5,000,000 environmental insurance policy from Lloyd’s of London for buyer protection. Cleanup costs have continued to decrease as remediation progresses.
Upon closing, the buyer will have full use of the property, subject only to obtain standard building permits. This is one of the last remaining multiacre development opportunities in all of Hunterdon County, making it a rare and highly strategic acquisition.
The property is currently undergoing limited remediation and will be delivered with a NJDEP No Further Action (NFA) determination, along with a 10-year, $5,000,000 environmental insurance policy from Lloyd’s of London for buyer protection. Cleanup costs have continued to decrease as remediation progresses.
Upon closing, the buyer will have full use of the property, subject only to obtain standard building permits. This is one of the last remaining multiacre development opportunities in all of Hunterdon County, making it a rare and highly strategic acquisition.
Property Facts
1 Lot Available
Lot
| Price | $2,700,000 | Lot Size | 12.31 AC |
| Price Per AC | $219,333.87 |
| Price | $2,700,000 |
| Price Per AC | $219,333.87 |
| Lot Size | 12.31 AC |
The site is level and flat, mostly fenced, and offers easy access. There is only one non-operational pump-house structure on the property; otherwise, the parcel is clear and open with minimal vegetation.
Description
Refer to Sales Notes
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
1 of 12
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198 Route 202
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