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Ataullah Barnes

ataullah@rogprodigy.com +1(973) 277-2575

$399,000

Est. payment - /mo

4,794 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,794 sqft

Price per Sqft $83

MLS Listing ID 3999812

Annual Tax Amount $10,064

Tax Year 2024

Lot Size 3,920 Sqft

Property Sub-Type Mixed Use

Property Description

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!

Location

State NJ

County Warren

Zoning B

Rooms

Basement Full

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

Building

Lot Description Corner

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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Listed by FREEBY LAI REAL ESTATE

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Ataullah Barnes

+1(973) 277-2575

Broker | License ID: 0454603

Broker License ID: 0454603

253 Water St Belvidere Twp., NJ 07823

Ataullah Barnes

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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253 Water St