198 Hwy202/31, Raritan Twp., NJ 08822

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.