Building Details

Year Built 1950

Listing Agency: Keller Williams Real Estate - Princeton

Listed By: Michael Briehler · License #8631404 Show Phone

Source: Kandorre

Added: Jun 17 Changed: Sep 8 Last Checked: Sep 8 at 11:02AM

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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 - Princeton

Investment Insights

Based on property information with market context.

71 East Broad Street in Hopewell Borough, NJ presents a 1.81-acre cleared development site featuring an existing 8,400 sq.ft. landmark building. The property offers flexibility for either redevelopment or renovation, with the land ready for planning and design. Access to public utilities supports site development, and there is the ability to provide ample off-street parking depending on how the site is acquired and developed.

The site is positioned with approximately 330 feet of frontage on the Town’s well-traveled main thoroughfare, County Route 518. The property is located in downtown Hopewell Boro and is described as having convenient access to Princeton and surrounding communities.

For tenants, owner-occupants, and buyers, the asset’s configuration supports a range of occupancy approaches. Under the flexible “BR” Business Residential zoning, it can be used as a renovation opportunity for a multi-tenant office concept or reimagined as a redevelopment project for commercial and retail and/or residential uses, subject to approvals. Flexible sale or lease terms are available for parties looking to structure a redevelopment or renovation strategy on a high-frontage downtown parcel.

Key Highlights

• 1.81‑acre cleared downtown site in Hopewell Borough with 330 ft of frontage on CR 518
• BR (Business Residential) zoning offers flexibility for redevelopment or renovation plans
• Includes an existing landmark 8,400 SF office building suitable for renovation or multi‑tenant conversion

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) 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

NNN (Triple Net)

Lease Type

$3.00 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

335

Businesses Nearby

Explore this area Business Placement

Demographics for 08525, NJ

4,649

Population

2,024

Households

2.3

Avg Household Size

46

Median Age

63%

College-Educated

97%

High-School Grad

22.4 sq mi

ZIP Area

208

Density / Sq Mi

$157,868

Median Household Income

$74,138

Median Earnings

$1,646

Median Rent

$551,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office building - Cleared downtown site with a landmark 8,400 SF office building and long main-thoroughfare frontage on CR 518.

Where is this office building located?

The property is located at 71 E Broad St Hopewell, NJ.

What is the lease rate?

The lease rate is $20 SF/Yr.

What are key features of this property?

This property features: 1.81‑acre cleared downtown site in Hopewell Borough with 330 ft of frontage on CR 518; BR (Business Residential) zoning offers flexibility for redevelopment or renovation plans; Includes an existing landmark 8,400 SF office building suitable for renovation or multi‑tenant conversion