$3,300,000
Allentown, NJ 08501
MLS# 22606043
7020 sqft
1 / 54
Property Description
Located just outside Allentown, this unique commercial property offers a wonderful blend of stability, space, and opportunity. Set on an impressive 8 acres, the building has two established tenants--a well-known pizzeria and a professional business office. Both are currently leased, providing immediate rental income for the next owner. A large garage, currently used for storing appliances and machinery, is conveniently located at the back of the property. The property itself has a welcoming, community-centered feel. The pizzeria brings steady local traffic and a lively presence, while the business office adds a professional balance to the building. Together, they create a dependable tenant mix that supports consistent cash flow. Select more....
Details
Maps
Contract Info
Sale: Yes
Lease: No
List Price/SqFt: 470.09
Lease Price: 0
Lease Price Per/SqFt: 0
New Construction: No
Status: Active
List Date: 2026-03-10
Property Sub-Type: Commercial
List Price: $3,300,000
Current Price: $3,300,000
Location
Area/Section: None
House Number: 173
Street Name: Route 526
County: Monmouth
Municipality: Upper Freehold (UPF)
Postal City: Allentown
State: NJ
Zip Code: 08501
Directions: Exit 7 off of Rt195 and merge onto Rt 526.
# 173 - lots of park in Phil's Take-out lot.
General Property Info
# Levels: 1
Acreage: 7.84
Garage: Yes
Business Name: Phil's Take Out & Bus Office
Business Operating: Yes
Apx SqFt: 7020
Apx Year Built: 1993
Tax and Legal
Asmnt - Total: 786600
Taxes: 14536
Tax Year: 2025
Remarks & Misc
Excluded: Personal belongings
Use
Pizza: 1
Professional/Office: 1
Zoning
Commercial: 1
Electric
Other - See Remarks: 1
Basement
Slab: 1
Gas
On Site: 1
Cooling
Central Air: 1
Ductless: 1
Water Heater
Natural Gas: 1
Heating
Ductless: 1
Forced Air: 1
Natural Gas: 1
Water
Well: 1
Sewer
Septic Tank: 1
Exterior
Display Window: 1
Security System: 1
Parking
Parking Lot: 1
Assessment Status
Assessed: 1
Financing
Cash: 1
Construction/Siding
Brick: 1
Roof
Shingle: 1
Property Features
Use: Pizza; Professional/Office
Basement: Slab
Cooling: Central Air; Ductless
Heating: Ductless; Forced Air; Natural Gas
Water Heater: Natural Gas
Water: Well
Sewer: Septic Tank
Gas: On Site
Electric: Other - See Remarks
Exterior: Display Window; Security System
Parking: Parking Lot
Roof: Shingle
Zoning: Commercial
Assessment Status: Assessed
Financing: Cash
Supplements
Surrounded by open land, the 8-acre parcel offers flexibility and long-term potential--whether for future expansion, additional development, or simply enjoying the space and visibility this sizable lot provides. Its location within Upper Freehold Twp places it in a charming and growing area known for its small-town appeal while still being conveniently connected to surrounding communities. For investors seeking an income-producing commercial property with existing leases already in place, this is a rare opportunity. With tenants secured and room for future possibilities, the foundation is already set for a smart and rewarding investment. A property like this doesn't come along often!
Listing Office: ERA Central Realty Group
Listing Agent: Stefania Fernandes
Last Updated: March - 11 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.