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525-551 Us Highway 46
Belvidere, NJ 07823
Belvidere Shopping Center · Retail Property For Sale
Investment Highlights
- Residential redevelopment opportunity.
Executive Summary
This is a value add opportunity for any investor. This center has a strong upside potential for any grocer of potentially an Industrial re-development, approved for 198 units by local government.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
70,000 SF
Building Class
B
Year Built/Renovated
1970/1991
Price
$6,500,000
Price Per SF
$92.86
Percent Leased
40%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
11.52 AC
Zoning
commercial - retail
Parking
380 Spaces (5.42 Spaces per 1,000 SF Leased)
Frontage
1,186’ on US Highway 46
Property Taxes
| Parcel Number | 23-00053-0000-00001 | Improvements Assessment | $1,078,600 |
| Land Assessment | $2,271,400 | Total Assessment | $3,350,000 |
Property Taxes
Parcel Number
23-00053-0000-00001
Land Assessment
$2,271,400
Improvements Assessment
$1,078,600
Total Assessment
$3,350,000
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