September 5, 2024 – Michael Lombardi of Horvath & Tremblay has successfully completed the sale of a vacant bank facility (formerly First Bank) in Flemington, New Jersey. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,150,000.
The vacant property is located at 224 S Main Street in Flemington, New Jersey. The Property features two freestanding bank buildings (2,325 square feet and 966 square feet) formerly occupied by First Bank on a 1.40-acre (60,984 square foot) parcel of land. The Property is zoned Community Business (CB) District, one of the most versatile zoning designations in Flemington. The Property is well-located in the commercial center of Flemington, with excellent visibility and multiple points of access. The Property includes two adjacent bank buildings with multiple drive-thru lanes, a walk-up ATM and ample parking on a corner lot. The location is positioned along a five-way rotary and is also an outparcel to Hunterdon Shopping Center which is anchored by Staples and Planet Fitness. The Property is seconds from US Route 202 and is surrounded by national retailers and high-density residential developments that provide a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.