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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 or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,200 SF
Building Class
C
Year Built
1941
Price
$3,521,200 CAD
Price Per SF
$429.41 CAD
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.10
Lot Size
1.81 AC
Zoning
BR - "BR" Business Residential
Frontage
330’ on E. Broad Street

Amenities

  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 5,000 SF
  • Office/Retail
  • -
  • Now

71 East Broad Street, Hopewell Borough, NJ This 1.81 acre site located in the thriving downtown of Hopewell Boro offers 330 feet of frontage on the Town’s well-traveled main thoroughfare, County Route 518. With the flexibility of the “BR” Business Residential zoning this is a prime opportunity to plan and design a prestigious Redevelopment or Renovation project. Flexible Sale or Lease terms available. Redevelopment: Prime location for commercial, retail and/or residential development in a highly desirable location with convenient access to Princeton and surrounding communities. This site is cleared and ready for development with access to public utilities, the ability to provide ample off-street parking with acquisition options for a portion or the entire site. Renovation: The existing 8,400 sq.ft. landmark building presents an excellent opportunity for an owner-occupant or an investor seeking a multi-tenant asset. The property can also be renovated to accommodate specific uses or design requirements with flexible sale or lease options.

  • 2nd Floor
  • 3,400 SF
  • Office/Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 5,000 SF Office/Retail - Now
2nd Floor 3,400 SF Office/Retail - Now

1st Floor

Size
5,000 SF
Space Use
Office/Retail
Position
-
Available
Now

2nd Floor

Size
3,400 SF
Space Use
Office/Retail
Position
-
Available
Now

1st Floor

Size 5,000 SF
Space Use Office/Retail
Position -
Available Now

71 East Broad Street, Hopewell Borough, NJ This 1.81 acre site located in the thriving downtown of Hopewell Boro offers 330 feet of frontage on the Town’s well-traveled main thoroughfare, County Route 518. With the flexibility of the “BR” Business Residential zoning this is a prime opportunity to plan and design a prestigious Redevelopment or Renovation project. Flexible Sale or Lease terms available. Redevelopment: Prime location for commercial, retail and/or residential development in a highly desirable location with convenient access to Princeton and surrounding communities. This site is cleared and ready for development with access to public utilities, the ability to provide ample off-street parking with acquisition options for a portion or the entire site. Renovation: The existing 8,400 sq.ft. landmark building presents an excellent opportunity for an owner-occupant or an investor seeking a multi-tenant asset. The property can also be renovated to accommodate specific uses or design requirements with flexible sale or lease options.

Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 05-00031-0000-00002
  • 05-00031-0000-00001
  • 05-00031-0000-00019
Land Assessment
$1,562,412 CAD
Improvements Assessment
$334,671 CAD
Total Assessment
$1,897,083 CAD
  • Listing ID: 31619816

  • Date on Market: 2024-04-26

  • Last Updated:

  • Address: 71 E Broad St, Hopewell, NJ 08525

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