150 Main StFlemington, NJ 08822

Property Details for 150 Main St

Year built

1890

Construction

FRAME

Lot size

0.26 AC

Property size (Sq ft)

3,290 SF

Zone code

DB

Property type

Commercial real estate

APN

09 00038-0000-00004

APU

900038000000004

Description

This exceptional mixed-use property at 150 Main Street, Flemington, NJ, presents a compelling investment opportunity. The building encompasses 3,290 square feet on a 0.26-acre lot and features two ground-floor commercial units ideal for retail or office use, benefiting from high visibility in a rapidly developing area. The upper floors house three one-bedroom, one-bathroom residential units, providing a consistent rental income stream. A full basement includes two sets of laundry facilities for tenant convenience. Currently generating a gross operating income of $75,000 and a net operating income of $37,724, this property offers significant upside potential through market-rate adjustments to residential rents. An additional, unrented outbuilding provides further expansion possibilities. The property also includes 13 off-street parking spaces. Its prime location, just one block from the county courthouse and the Union Hotel redevelopment project, ensures strong tenant demand and future appreciation. This is a rare chance to acquire a well-maintained, income-producing asset in a revitalizing downtown area, poised for continued growth and increased profitability. The property's strong cash flow and potential for rental increases make it an attractive investment for both seasoned and new investors seeking a stable and appreciating asset in a thriving New Jersey community.

Location Insight

City

Flemington

County

Hunterdon

State

New Jersey

Latitude

40.5073

Longitude

-74.8581

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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