81 Broad St Phillipsburg, NJ 08865-1206
Property summary
This exceptional 11,500 square foot commercial property, situated on a 0.48-acre lot in Phillipsburg, NJ, presents a unique investment opportunity. Ideally located on the Delaware River, this building offers convenient access to major roadways including Routes 22, 78, 57, and 33, ensuring seamless transportation and logistics. Zoned for light industrial use, the property boasts approximately 4,700 square feet of warehouse space, complete with a loading dock and drive-in bay, and 6,500 square feet of office space. The warehouse includes a spacious 1,500 square foot open area, while the office space comprises 13 private offices, a kitchen, and a dining room. Restrooms are ADA compliant, and the building features three-phase power. Its flexible layout allows for single-tenant occupancy or division into multiple units. The property benefits from its location within the Phillipsburg Urban Enterprise Zone (UEZ), offering significant business incentives such as reduced sales tax rates, tax exemptions, and access to various financial assistance programs including free rent and low-interest loans. Permitted uses within the UEZ include scientific or research laboratories, warehouses, wholesale operations, flea markets/antique malls, manufacturing, fabrication, packaging, and product conversion. This versatile property is well-suited for a variety of businesses seeking a strategic location and substantial financial advantages. The asking price is $995,000.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Chapter 625 ENTITLED Zoning, Article XV:, entitled I-1 Industrial - Light Zone, is hereby amended by adding a new Section 625-72.1 entitled Conditional Uses, as follows §625.72.1. Conditional Uses. A. Townhouses and acce…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Phillipsburg, NJChapter 625 ENTITLED Zoning, Article XV:, entitled I-1 Industrial - Light Zone, is hereby amended by adding a new Section 625-72.1 entitled Conditional Uses, as follows §625.72.1. Conditional Uses. A. Townhouses and acce…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for I-1 in Phillipsburg, NJ.
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