174 State Route 31Flemington, NJ 08822

  • Commercial real estate
  • 1.24 AC
For Sale

Property Details for 174 State Route 31

Construction
BRICK
Lot size
1.24 AC
Zone code
B-3
Property type
Commercial real estate
APN
21 00016-0000-00057
APU
2100016000000057

Description

This exceptional 1.24-acre parcel of land presents a unique opportunity for developers and investors seeking a prime location in Flemington, New Jersey. Situated at 174 State Route 31, this property boasts excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The expansive lot offers ample space for new construction, allowing for significant flexibility in design and development plans. Its strategic location along State Route 31 ensures high traffic volume and prominent exposure to potential customers. The property's zoning designation (which should be independently verified) allows for a range of commercial uses, providing considerable potential for return on investment. This is a rare chance to acquire a substantial piece of land in a thriving New Jersey town, offering significant potential for growth and development. The property is being offered at a competitive price, making it an attractive proposition for those seeking a strong foothold in the Flemington market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further due diligence is recommended to confirm zoning regulations and potential development opportunities. The absence of existing structures on the land provides a clean slate for ambitious development projects. This is a blank canvas awaiting a visionary developer to transform it into a thriving commercial asset. The property's location offers easy access to major transportation routes, further enhancing its appeal and potential. Don't miss this opportunity to secure a prime piece of real estate in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,302,264
    Hospitality
    $10,352,813
    Educational
    $8,613,419
    Medical
    $8,909,648
    Retail
    $13,398,652
174 State Route 31, Flemington, New Jersey

Location Insight

City
Flemington
County
Hunterdon
State
New Jersey
Latitude
40.5299
Longitude
-74.8564
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$30,262
$436,000
$703,800
$1,139,800
-
$436,000
$703,800
$1,139,800

FAQs

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