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    71 Broad St Hopewell, NJ 08525

    For Sale
    Contact for pricing

    1.8 Acres, Prime Location, Dual Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.8-acre property presents a unique redevelopment opportunity in the heart of Hopewell Borough, New Jersey. Situated at 71 E. Broad Street, this site boasts 330 feet of frontage on East Broad Street and is bordered by Maple Street. The property is comprised of three tax lots and is designated for redevelopment within the Town's Redevelopment Plan. Currently, a former garage on the site has approvals for expansion and renovation, offering immediate development potential. The remaining land is ready for development, presenting a blank canvas for a variety of projects. The dual zoning allows for both commercial ("BR" Business Zone) and residential ("R-75P" Residential Zone) uses, providing significant flexibility for developers. Located in Mercer County, NJ, zip code 08525, this property offers unparalleled access to the vibrant Hopewell Borough community and its amenities. The land is priced at $0 per acre, reflecting the significant value inherent in its redevelopment potential and prime location. This is a rare opportunity to acquire a substantial parcel in a desirable New Jersey town, poised for significant growth and development. The property's strategic location and flexible zoning make it an ideal investment for both residential and commercial ventures. Don't miss this chance to shape the future of Hopewell Borough.

    Property Features for 71 Broad St

    General Information

    Property type
    Land
    Lot Size
    78,408 SF

    HighLights

    • 1.8‑acre redevelopment opportunity in Hopewell Borough, NJ.
    • 71 E. Broad Street, 330 feet of frontage on East Broad Street.
    • Three tax lots, designated for redevelopment.
    • Existing garage with expansion/renovation approvals.
    • Dual zoning (commercial & residential), offering development flexibility.
    • Priced at $0 per acre, reflecting redevelopment potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.755891380241
    Latitude
    40.390863667286

    Nearby Comparable

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    Nearby Similar for Sale

    • $2,600,000
      5,000 SF

      Hopewell Borough Redevelopment Site

      Prime 1.81-acre site, redevelopment ready.
      71 Broad St, Hopewell, NJ 08525
      View Details
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      Hopewell Office Suite - Owner Financing

      Prime Hopewell Office Space, Flexible Lease
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    • $295,000
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      Hopewell Mixed-Use Corner Lot

      High-traffic location, shovel-ready lot, approved plans.
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    • $1,700,000
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      Mixed-use properties • 4,800 SF
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      View Details

    FAQs

    What type of property is this?
    Land - 1.8 Acres, Prime Location, Dual Zoning
    Where is this land located?
    The property is located at 71 Broad St Hopewell, NJ.
    What are key features of this property?
    This property features: 1.8-acre redevelopment opportunity in Hopewell Borough, NJ.; 71 E. Broad Street, 330 feet of frontage on East Broad Street.; Three tax lots, designated for redevelopment.
    Request Owner's contact information
    71 Broad St Hopewell, NJ 08525
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    71 Broad St Hopewell, NJ 08525
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