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Three-Level Mixed-Use Building
For Sale
$399,000

253 Water St, Belvidere, NJ 07823

Fully leased ground-floor commercial space is paired with two vacant upper levels for future repositioning, subject to zoning approval.

Property SizeContact for details
Days on Market368

Property Features for 253 Water St

General Information

Standard status Active
Property subtype Commercial

Site & Location

Corner Location Yes
Highway Access Yes

Building Details

Buildings 1
Stories 3
Listing Agency: FREEBY LAI REAL ESTATE
Listed By: JASON FREEBY 888-558-3898 · License #RM426134
Source: Thepaulaclarkgroup
Added: Sep 9, 2025 Changed: Sep 10 Last Checked: Sep 10 at 3:10PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FREEBY LAI REAL ESTATE

Investment Insights

Based on property information with market context.

This three-level mixed-use property combines an occupied commercial ground floor with two upper stories that have been unused for decades. The first floor is fully leased to a long-established commercial tenant, while the second and third floors provide substantial additional space for redevelopment. Any future conversion or change of use is subject to approval by the zoning department.

The building occupies a prominent corner at the town’s only stoplight, where the main thoroughfare intersects with the road leading to the toll-free bridge into Pennsylvania. The property also offers quick access to Route 46, placing the site along an important local connection. Upper-floor concepts identified for the building include residential units, professional offices, creative studios, or other uses permitted through the applicable zoning process.

Key Highlights

  • Three‑level mixed‑use building with an occupied ground floor and two unused upper stories
  • First floor is fully leased to a long‑established commercial tenant
  • Second and third floors have remained unused for decades

Property Analytics

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Current Use

FOOD MART IS ... Grocery & Convenience Store Belvidere Lins Food ... Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Nail Salon Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

354
Businesses Nearby
7k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Shell Shops & Services
3,545 visits/mo 0.4 miles
PNC Bank Shops & Services
3,120 visits/mo 0.2 miles
Napa Auto Parts Shops & Services
640 visits/mo 0.3 miles

Demographics for 07823, NJ

7,102
Population
3,643
Households
1.9
Avg Household Size
53
Median Age
24%
College-Educated
94%
High-School Grad
25.1 sq mi
ZIP Area
283
Density / Sq Mi
$84,381
Median Household Income
$42,805
Median Earnings
$948
Median Rent
$314,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Fully leased ground-floor commercial space is paired with two vacant upper levels for future repositioning, subject to zoning approval.
Where is this mixed-use property located?
The property is located at 253 Water St Belvidere, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three‑level mixed‑use building with an occupied ground floor and two unused upper stories; First floor is fully leased to a long‑established commercial tenant; Second and third floors have remained unused for decades
More about this property
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