Property profile

627 3Rd St Belvidere, NJ 07823

FOR SALE
Other commercial real estate
Property ID
US59-1262515
1,190 SF 0.12 ac lot
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This commercial building is located in a residential area of Belvidere, New Jersey, a few blocks from the school and positioned on a main route through town at the corner of Third Street and Oxford, providing visibility from multiple directions. The property includes a parking lot and two separate commercial glass-door entryways. Interior space is arranged around a large open area that can be reconfigured for a range of commercial uses, with storage and utility rooms off the main area and a lobby plus office space accessible from both inside and outside. An ADA-compliant bathroom with a handrail is located at the end of the hall. Flooring is finished with a combination of laminate and tile, and the interior has a neutral color scheme with natural light. The building has historically been used for commercial purposes, including an automotive service station, deli/eatery, convenience store, bakery, and more recently a karate/yoga studio; any future use is subject to town approval. The property’s location near Route 46 and County Route 519 provides access to Routes 78 and 80.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 1,190 SF
Lot 0.12 ac (5,227 SF)
Zoning code R50
APN 03 00020-0000-00010
UPID US59-1262515

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

627 3Rd St Belvidere, NJ 07823
Belvidere metro Census 31700 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2004
$150,000

Zoning & alternative use

R50 · Belvidere, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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