71 Broad St, Hopewell, NJ 08525-1832
- Commercial real estate
- 1.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 71 Broad St
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.00 lot acres
- Zone code
- BR
- Property type
- Commercial real estate
- APN
- 05 00031-0000-00001
- APU
- 500031000000001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 17, 2019 | $1,140,000 | 71 E Broad LLC | Ranpd LLC | Grant Deed | $750k · Njz Inv LLC+ |
| Jun 30, 2016 | $300,000 | Ranpd LLC | Rosa Acres INC | Grant Deed | $500k · Hope Real Estate Ventures LLC |
| — | — | Rosa Acres INC | — | Deed Of Trust · related | $263k · Hawthorne Lendco LLC |
Description
This exceptional 1.81-acre property, situated at 71 E Broad Street in the heart of Hopewell Borough, New Jersey, presents a unique redevelopment opportunity. Boasting 330 feet of frontage on the town's main thoroughfare, this site is strategically positioned within a designated redevelopment area, as outlined in the Hopewell Borough Redevelopment Plan. The existing structure, a former garage, possesses approved plans for expansion and renovation, streamlining the development process. The property's zoning, a blend of Business and Residential, allows for a diverse range of development possibilities, catering to various project visions. With a total area of 5,000 square feet, this site offers ample space for a substantial project. Its prime location in the thriving downtown area ensures high visibility and accessibility, making it an attractive investment for developers seeking a high-impact project in a desirable New Jersey community. The existing approvals significantly reduce pre-construction hurdles, allowing for a faster and more efficient development timeline. This is a rare chance to acquire a ready-to-develop site in a vibrant and growing town, offering significant potential for return on investment. The asking price is $2,600,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Hopewell
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.7554
- Latitude
- 40.3906
- CBSA code
- 45940
- CBSA name
- TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA
