2 Mine St Flemington, NJ 08822

This 5,933 square foot retail building, located at 2 Mine Street in Flemington, NJ 08822, presents a compelling investment opportunity. The property boasts a strong financial performance, generating a gross annual rental income of $132,600 and a net operating income of $96,520, resulting in an 8% capitalization rate. The building is currently 100% leased, comprising four apartments and two storefronts. Tenants are responsible for heat, hot water, and sewer costs. Situated on a 0.136-acre lot at the corner of Main Street and Mine Street, the property benefits from a prime location in the heart of Flemington's vibrant downtown area, surrounded by cafes, restaurants, and other businesses. Its proximity to the County Courthouse and the recently renovated Union Hotel (a 100-room hotel), along with the development of upscale townhomes and apartments, indicates a thriving and growing neighborhood. This presents an excellent opportunity for investors seeking strong cash flow, particularly those considering a 1031 exchange. The property's consistent performance and strategic location make it an attractive investment in a dynamic market.