Corner Property with Development
64 Filmore St, Phillipsburg, NJ 08865
Versatile corner property with garage, basement, and endless possibilities.
Type:Retail
Property size:
1,600 SFPrice / SF:
$218/SF- Added:
- Feb 13, 2026
- Days on Market:
- 136
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 64 Filmore St
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Retail
Listing office RE/MAX Supreme
Listing date Feb 13, 2026
Source Crexi
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 RE/MAX Supreme
HighLights
- Rare corner property with flexible R‑50/R‑75 zoning allowing for commercial or residential use.
- High ceilings (approximately 20 ft) offering expansion or creative design opportunities.
- Full basement provides ample storage or additional expansion potential.
- Detached one‑car garage with off‑street parking.
- New roof installed in 2024.
- Previously approved for laundromat use, indicating potential for various retail, office, or residential redevelopments.
Overview
This corner property in Warren County offers flexibility for investors, business owners, or owner-occupants. Zoned R-50/R-75, it allows for both commercial and residential use, opening possibilities for various permitted uses. The building features soaring 20 ft ceilings (approximate), a full basement for storage or expansion, and a detached one-car garage with off-street parking. A new roof was installed in 2024. The property, with a size of 1600 square feet, is currently vacant and ready for renovation, repositioning, or occupancy, subject to site plan approval depending on the intended use. Previously approved for laundromat use, the space presents value-add potential for retail, office, service business, live-work conversion, or possible single-family redevelopment. It is ideal for investors, contractors, entrepreneurs, or 1031 exchange buyers seeking a versatile asset. The property offers opportunities with zoning flexibility.
Local Financial Insights For Office B
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 | $42.2k | $26.40 |
| − Vacancy | −$8.7k | −$5.41 |
| EGI | $33.6k | $20.99 |
| − OpEx | −$8.4k | −$5.25 |
| NOI | $25.2k | $15.74 |
1,600 SF · lease $26.40/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$359.8K
$314.8K – $419.8K
NOI $25,186 @ 7.0% cap · market cap 7.22%
Second Best
Mixed Use
$330.6K
$289.3K – $385.7K
NOI $23,144 @ 7.0% cap · market cap 6.63%
Theoretical Best
Warehouse
$603.6K
$528.2K – $704.2K
NOI $42,254 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Phillipsburg
- County
- Warren
- State
- New Jersey
- Longitude
- -75.196503
- Latitude
- 40.69204
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile corner property with garage, basement, and endless possibilities.
Where is this mixed-use property located?
The property is located at 64 Filmore St Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Rare corner property with flexible R‑50/R‑75 zoning allowing for commercial or residential use.; High ceilings (approximately 20 ft) offering expansion or creative design opportunities.; Full basement provides ample storage or additional expansion potential.
