Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    71 Broad St Hopewell, NJ 08525

    For Sale
    $2,600,000

    Prime 1.81-acre site, redevelopment ready.

    Property size:
    5,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 1.81-acre property, situated at 71 E Broad Street in the heart of Hopewell Borough, New Jersey, presents a unique redevelopment opportunity. Boasting 330 feet of frontage on the town's main thoroughfare, this site is strategically positioned within a designated redevelopment area, as outlined in the Hopewell Borough Redevelopment Plan. The existing structure, a former garage, possesses approved plans for expansion and renovation, streamlining the development process. The property's zoning, a blend of Business and Residential, allows for a diverse range of development possibilities, catering to various project visions. With a total area of 5,000 square feet, this site offers ample space for a substantial project. Its prime location in the thriving downtown area ensures high visibility and accessibility, making it an attractive investment for developers seeking a high-impact project in a desirable New Jersey community. The existing approvals significantly reduce pre-construction hurdles, allowing for a faster and more efficient development timeline. This is a rare chance to acquire a ready-to-develop site in a vibrant and growing town, offering significant potential for return on investment. The asking price is $2,600,000.

    Property Features for 71 Broad St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,000 SF
    Lot Size
    78,844 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.75564
    Latitude
    40.39053

    Nearby Comparable

    • Contact for pricing
      1.80 Acres

      Hopewell Borough Redevelopment Site

      1.8 Acres, Prime Location, Dual Zoning
      71 Broad St, Hopewell, NJ 08525
      View Details
    • Contact for pricing

      Hopewell Office Suite - Owner Financing

      Prime Hopewell Office Space, Flexible Lease
      83 D, Hopewell, NJ 08525
      View Details
    • $1,700,000
      4,800 SF

      20 Model Ave, Hopewell, NJ 08525

      Mixed-use properties • 4,800 SF
      20 Model Ave, Hopewell, NJ 08525
      View Details
    • $399,000

      Ridge Road Land Opportunity

      Land available on Ridge Road in East Amwell Township.
      13 Rdg Rd, East Amwell Twp, NJ 08525
      View Details

    Nearby Similar for Sale

    • Contact for pricing

      Hopewell Office Suite - Owner Financing

      Prime Hopewell Office Space, Flexible Lease
      83 D, Hopewell, NJ 08525
      View Details
    • $295,000
      1.06 Acres

      Hopewell Mixed-Use Corner Lot

      High-traffic location, shovel-ready lot, approved plans.
      304 Route 31, Hopewell, NJ 08525
      View Details
    • $1,700,000
      4,800 SF

      20 Model Ave, Hopewell, NJ 08525

      Mixed-use properties • 4,800 SF
      20 Model Ave, Hopewell, NJ 08525
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime 1.81-acre site, redevelopment ready.
    Where is this commercial real estate located?
    The property is located at 71 Broad St Hopewell, NJ.
    What is the asking price?
    The asking price for this property is $2,600,000.
    (609) 987-8889
    Request Owner's contact information
    71 Broad St Hopewell, NJ 08525
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    71 Broad St
    Hopewell, NJ 08525
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    71 Broad St Hopewell, NJ 08525
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.