Updated Apr 17, 2026
Arvin Family Sells 5.86-Acre Commercial Parcel In Readington For $3.2 Million
3523 United States Highway 22
$3,200,000
$494/SF
Building Size
6,468 SF
Asset Type
Commercial
Closing
Apr 15, 2026
About this deal
AI
A 5.86-acre commercial parcel located at 3523 Route 22 in Readington has been sold for $3,200,000. The property features a 6,468-square-foot former restaurant and is strategically positioned along a key highway retail corridor, contributing to its potential as a high-visibility redevelopment site.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $3,200,000
- Address: 3523 Route 22
- Market: Readington
- Acres: 5.86
- Square Footage: 6,468
- Price Per Square Foot: $495
- Seller: Arvin family
- Broker: Tim Deluccia - Deluccia Commercial Group
The transaction was managed by Tim Deluccia from Deluccia Commercial Group, representing the Arvin family, who are known for their ownership of Arvin’s Produce and Garden Center. This sale consolidates the family’s remaining adjacent holdings in the area.
On the Map
$3,200,000
$494/SF
Commercial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93