Historic Blairstown Railroad
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
Days on Market71
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 Agency
(201) 874-2749
Listed by
MARJORIE MORVILLE
Source
Elliman
Added: May 9 Checked: May 9 at 12:43 am
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
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $43,497 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$328.3K
$287.3K – $383.0K
NOI $22,982 @ 7.0% cap · market cap 2.63%
Theoretical Best
Warehouse
$754.5K
$660.2K – $880.3K
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
FAQs
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.
