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Penns Square (Value/Add) - 14 Commerce St, Flemington, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $1,700,000

  • 16,082

  • N/A

  • NOI :

  • Acres :

  • $40,456

  • 1.98

  • Property Type :

  • Property Status :

  • Mixed-Use

  • Available

Investment Highlights

  • 69% Occupied +/- 16,082 SF Retail/Office Property in Flemington, Hunterdon County, New Jersey
  • Value Add Opportunity in Renting Out Vacant Space and Bringing Rents to Market – Current Rents Considerably Below Market Rate
  • B-2 Commercial Zoning
  • 1.98 Acres With Above Average Parking Ratio - Over 6/1,000 SF
  • Property Sits Directly Behind Signalized Intersection of Commerce Street and US-202 – Over 47,000 Vehicles Per Day
  • Located in Dense Retail Corridor Surrounded By Many National Retailers Including: ShopRite, Home Depot, Michaels, Chick-fil-A, 7-Eleven, Marshalls,  Kohls, Walgreens, Panera, CVS & Starbucks
  • Affluent Demographics: Average Household Income Over $165,000 Within 5 Mile Radius of the Subject Property