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Prime Redevelopment Site 71 E Broad St 5,000 SF 100% Leased Retail Building Hopewell, NJ 08525 $3,607,240 CAD ($721.45 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime Commercial-Residential Development Site
EXECUTIVE SUMMARY
Prime Redevelopment Opportunity! This property is centrally located in the thriving town of Hopewell Borough and is a designated redevelopment site in the Town’s Redevelopment Plan. The former/existing garage has the approvals to expand and renovated with balance of the site a ready for development. The property is comprised of 3 tax lots totaling 1.81 acres with 330’ of frontage on E. Broad Street and bordered by Maple Street located in Hopewell Borough, Mercer County NJ.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
1941
Price
$3,607,240 CAD
Price Per SF
$721.45 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.06
Lot Size
1.81 AC
Zoning
BR & R-75P - Commercial for the lots fronting on E. Broad Street & Residential for the Lot on S. Maple Street. Property is located in the Town's Redevelopment Plan
Frontage
330’ on E. Broad Street
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $323,485 CAD | |
| Land Assessment | $1,510,188 CAD | Total Assessment | $1,833,673 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,510,188 CAD
Improvements Assessment
$323,485 CAD
Total Assessment
$1,833,673 CAD
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Prime Redevelopment Site | 71 E Broad St
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