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Prime Redevelopment Site 71 E Broad St 5,000 SF 100% Leased Retail Building Hopewell, NJ 08525 $2,600,000 ($520/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
$2,600,000
Price Per SF
$520
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 | $236,500 | |
| Land Assessment | $1,104,100 | Total Assessment | $1,340,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,104,100
Improvements Assessment
$236,500
Total Assessment
$1,340,600
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Prime Redevelopment Site | 71 E Broad St
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