Iconic Mixed-Use Building in
For Sale
$399,000
253 Water St, Belvidere, NJ 07823
High-visibility mixed-use building with income and development potential.
Property Size7,191 SF
Lot Size0.09 Acres
Price / SF$55.49
Days on Market250
Property Features for 253 Water St
General Information
Standard status
Active
Size
7,191 SF
Lot size
0.09 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,064
Amenities
Central air
Asphalt Shingle Roof
1 Unit Cooling
1 Unit Heating
Corner
On-Street Parking
Building Details
Year Built
9999
Listing Agency:
KELLER WILLIAMS REAL ESTATE
(908) 751-7750
Listed By:
JASON FREEBY · License #0559779
Source:
Corcoran
Added: Dec 1, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:13AM
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 KELLER WILLIAMS REAL ESTATE
Investment Insights
Based on property information with market context.
This iconic mixed-use building, formerly a Foodmart, is positioned at the only stoplight in Belvidere, occupying a highly visible and high-traffic corner. Situated where the main thoroughfare intersects with the road leading to the toll-free bridge into Pennsylvania and offering quick access to Route 46, the property benefits from exceptional exposure and strategic convenience. The substantial building spans three levels, presenting a combination of existing income and untapped potential. The first floor is fully leased to a long-established commercial tenant, providing immediate and consistent monthly revenue. The second and third floors offer expansive square footage that has remained unused for decades, presenting an opportunity for transformation. With renovation, these upper levels could be reimagined into residential units, professional offices, creative studio spaces, or other high-demand uses. This property offers historic character, visibility, and value-add potential. The 7,191 square foot building is suited for mixed-use living, boutique commercial spaces, or a combination of both, and is poised to become a centerpiece of Belvidere's continued growth.
Key Highlights
- Prime location at the only stoplight in town with high visibility and traffic.
- Existing income from a fully leased first‑floor commercial tenant.
- Significant value‑add potential through renovation of unused second and third floors.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-visibility mixed-use building with income and development potential.
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: Prime location at the only stoplight in town with **high visibility and traffic**.; Existing income from a fully leased first‑floor commercial tenant.; Significant value‑add potential through renovation of unused second and third floors.
