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Historic Blairstown Railroad Station

48 Hope Rd Blairstown, NJ 07825

48 Hope Rd, Blairstown, NJ, 07825

$875,000

For Sale

$875,000

Historic railroad station on 3 acres with auto shop.

Property Size2,000 SF

Lot Size3.00 Acres

Price / SF$437.50

AddedMay 9

Days on Market67

Last RefreshMay 9 at 12:43 am

Property Features for 48 Hope Rd

General Information

Standard status: Active
Size: 2,000 SF
Lot size: 3.00 Acres
Property subtype: Commercial

Building Details

Year Built: 1911

Listing office

Listing date May 9, 2026

Source Elliman

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 MARJORIE MORVILLE

Investment Insights

Based on property information with market context.

The historic Blairstown railroad station, situated on 3 acres of land, features a traditional railroad building of approximately 2000 sq ft. The building includes an expansive 800 square-foot open area, three offices, a kitchenette, one full bath with a stall shower, an adjacent locker or dressing room, and an additional half bath. Currently used as a gym, the station house offers versatile space. At the rear of the property, near the old tracks, is the original engine house, which is an ideal space for an auto shop featuring two bays, oversized garage doors, and loft storage. The grounds are constructed with truck-rated concrete, suitable for heavy-duty use. Blairstown is slated to become a station stop again as part of the Lackawanna Cut-Off Restoration Project, adding potential for future development and increased accessibility. The property has a walk score of 44, indicating it is car-dependent, and a bike score of 31, indicating it is somewhat bikeable.

Key Highlights

Historic Blairstown railroad station on 3 acres.
Original engine house with two bays and loft storage, ideal for an auto shop.
Slated to become a station stop again as part of the Lackawanna Cut‑Off Restoration Project.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$67.0k	$33.48
− Vacancy	−$4.8k	−$2.41
EGI	$62.1k	$31.07
− OpEx	−$18.6k	−$9.32
NOI	$43.5k	$21.75

2,000 SF · lease $33.48/SF/yr · vacancy 7.20% · expense 30.00%

Alternative Uses

Best Use

Industrial

$621.4K

$543.7K – $725.0K (±1% cap)

NOI $43,497 @ 7.0% cap · market cap 4.97%

Second Best

Retail

$328.3K

$287.3K – $383.0K (±1% cap)

NOI $22,982 @ 7.0% cap · market cap 2.63%

Theoretical Best

Warehouse

$754.5K

$660.2K – $880.3K (±1% cap)

NOI $52,818 @ 7.0% cap · market cap 6.04%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Fitness centers & gyms

Suggested Use

What type of property is this?

Fitness center & gym - Historic railroad station on 3 acres with auto shop.

Where is this fitness center & gym located?

The property is located at 48 Hope Rd Blairstown, NJ.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: Historic Blairstown railroad station on 3 acres.; Original engine house with two bays and loft storage, ideal for an auto shop.; Slated to become a station stop again as part of the Lackawanna Cut‑Off Restoration Project.