Commercial $ 499,000

253 Water St

Belvidere Twp., NJ 07823

  • 4,794 SqFt
  • 3,920 Lot Size
  • - Year Built
Positioned at the only stoplight in town, the iconic Foodmart building commands one of the most visible and high-traffic corners in Belvidere. Set prominently where the main thoroughfare meets the road leading directly to the toll-free bridge into Pennsylvania and offering quick access to Route 46, this property stands as a landmark presence with exceptional exposure and strategic convenience. This substantial mixed-use building spans three levels, offering an exciting combination of existing income and untapped potential. The first floor is fully leased, providing immediate, consistent monthly revenue from a long-established commercial tenant. Above, the second and third floors offer expansive square footage that has remained unused for decades an extraordinary canvas ready for transformation. With thoughtful renovation once approved by the zoning department, these upper levels could be reimagined into residential units, professional offices, creative studio spaces, or other high-demand uses suited to this prime location. A rare opportunity for investors, developers, or owner-users, this property blends historic character, unbeatable visibility, and significant value-add potential. Whether revitalized for modern mixed-use living, boutique commercial spaces, or a combination of both, the Foodmart Building is poised to become a centerpiece of Belvidere's continued growth. Schedule your tour of this incredible building today!
Listed by FREEBY LAI REAL ESTATE

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Mixed Use

    Listing Status Active

    Purchase Type For Sale

    Square Footage 4, 794 sqft

    Price per Sqft $104

    MLS Listing ID 3999812

    Annual Tax Amount $10,064

    Tax Year 2024

    Lot Size 3,920 Sqft

    Property Sub-Type Mixed Use

  • Location

    State NJ

    County Warren

    Zoning B

  • Rooms

    Basement Full

  • Building

    Lot Description Corner

    Story 3

    Sewer Public Sewer

    Water Public Water

  • Interior

    Heating Gas-Natural

    Cooling 1 Unit

    Flooring Vinyl-Linoleum, Wood

    Equipment Fixtures, Kitchen Area, Refrigeration Unit, Restrooms - Private, Sign - Building

    Heat Source Gas-Natural

  • Exterior

    Exterior Feature Metal

    Utilities Available Electric

    Roof Type Asphalt Shingle

  • Others

    Ownership Fee Simple

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