627 3Rd St Belvidere, NJ 07823
- Commercial real estate
- 1,190 SF
- 0.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 627 3Rd St
- Construction
- FRAME
- Lot size
- 0.12 lot acres
- Property size
- 1,190 SF
- Zone code
- R50
- Property type
- Commercial real estate
- APN
- 03 00020-0000-00010
- APU
- 300020000000010
Description
This exceptional 1,190 square foot retail property, situated on a 0.12-acre corner lot in historic Belvidere, New Jersey (07823), presents a unique investment opportunity. Built in 1950 and recently renovated, the single-story building boasts ample parking and benefits from its high-traffic location. Its proximity to three local schools ensures consistent pedestrian traffic, making it ideal for a variety of businesses. Previously utilized as a bakery and luncheonette with convenience store elements, this versatile space is adaptable to various commercial uses, including its previous uses as a convenience store and daycare/nursery. The asking price is $165,900, translating to $139.41 per square foot. Located at 627 3rd St, Belvidere, Warren County, this property offers excellent visibility and accessibility. The building's recent renovations ensure a move-in ready condition, minimizing upfront capital expenditures. This prime location, combined with its versatile layout and recent upgrades, makes this property an attractive investment for discerning buyers seeking a thriving commercial venture in a desirable New Jersey town. Don't miss this chance to own a piece of Belvidere's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $325,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $330,000
- Retail
- $285,000
- Mixed-Use
- $310,000
- Hospitality
- $385,000
- Educational
- $345,000
- Residential Income
- $305,000
- Energy
- $315,000
- Income-Based Land
- $285,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Belvidere
- County
- Warren
- State
- New Jersey
- Longitude
- -75.0722
- Latitude
- 40.8264
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA