440 Highway 202
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440 Highway 202
10,400 SF 100% Leased Industrial Building Flemington, NJ 08822 £743,328 (£71/SF)
Investment Highlights
- LOVE TO LIVE WHERE YOU OWN
- On the highway plenty of visibility & traffic
- Mixed use business and living on the same property
Executive Summary
LOVE TO LIVE WHERE YOU OWN! The property consists of 4.93 acres with 426’ road frontage. Consisting of 1 apartment and 1 cottage each possessing one bedroom & the main home consisting of 3 bedrooms. The setting is very picturesque with mature and well maintain landscaping. One of the storage units has 4,500 square feet with multiple private storage rooms. Lastly, the 5th UNIT is a 2300 sq. ft. welding operation & storage that has located at the property for over 25 years, paying $1,650 per month. The current rental rates are below MARKET VALUE. All the units have either propane, oil, or electric heat. Property is being sold "AS IS." All inspections are for the BUYER's information only. Positive cash flow.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Net Operating Income | - | - |
Financial Summary (Actual - 2022) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per SF | - |
Property Facts
Price | £743,328 | Building Class | C |
Price Per SF | £71 | Lot Size | 4.93 AC |
Sale Type | Investment | Rentable Building Area | 10,400 SF |
Property Type | Industrial | Number of Floors | 1 |
Property Subtype | Warehouse | Year Built | 1938 |
Price | £743,328 |
Price Per SF | £71 |
Sale Type | Investment |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | C |
Lot Size | 4.93 AC |
Rentable Building Area | 10,400 SF |
Number of Floors | 1 |
Year Built | 1938 |
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PROPERTY TAXES
Parcel Number | 21-00040-0000-00008 | Improvements Assessment | £272,527 (2024) |
Land Assessment | £233,953 (2024) | Total Assessment | £506,480 (2024) |
PROPERTY TAXES
Parcel Number
21-00040-0000-00008
Land Assessment
£233,953 (2024)
Improvements Assessment
£272,527 (2024)
Total Assessment
£506,480 (2024)
zoning
Zoning Code | O-2 (See attached Document's) |
O-2 (See attached Document's) |
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440 Highway 202
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