198 Hwy202/31, Raritan Twp., NJ 08822
198 Hwy202/31, Raritan Twp., NJ 08822
198 Hwy202/31, Raritan Twp., NJ 08822
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$2,700,000
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536,224 SqFt
Active

198 Hwy202/31 Raritan Twp., NJ 08822

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 536,224 sqft

Price per Sqft $5

MLS Listing ID 4007999

Annual Tax Amount $21,620

Tax Year 2024

Lot Size 12.310 Acres

Property Description

This site is in the heart of Flemington?s auto-dealership corridor and sits within the B-2 zone, which offers some of the broadest and most advantageous permitted uses in the municipality. Principal, permitted, and conditional uses span a wide range, including retail, commercial greenhouses, mini-warehouses, public and private parking facilities, gasoline filling stations and repair uses, and shopping centers.The property is currently undergoing limited remediation and will be delivered with a NJDEP No Further Action (NFA) determination, along with a 10-year, $5,000,000 environmental insurance policy from Lloyd?s of London for buyer protection. Cleanup costs have continued to decrease as remediation progresses.Upon closing, the buyer will have full use of the property, subject only to obtain standard building permits. This is one of the last remaining multiacre development opportunities in all of Hunterdon County, making it a rare and highly strategic acquisition.

Location

State NJ

County Hunterdon

Zoning B-2

Interior

Heating Gas-Natural

Cooling See Remarks

Equipment See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature See Remarks

Utilities Available Gas-Natural

Roof Type See Remarks

Building

Sewer Septic

Water Well

Others

Ownership Fee Simple


Garden State MLS(GSMLS)
Listed by BHHS FOX & ROACH

NEARBY SCHOOL & BUSINESS

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Douglass Gillespie

Douglass Gillespie

Agent | License ID: 2293456

+1(862) 202-4790

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198 Hwy202/31