253 Water St - Storefront Retail/Residential FOR SALE


Belvidere, NJ 07823
$499,000 USD
908-443-1405
253 Water St, Belvidere, NJ for Sale
$499,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

Dec '33


253 Water St
Belvidere, NJ 07823


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Foodmart Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

B

APN/PARCEL ID

03-00005-0000-00010

ASK ABOUT THIS PROPERTY

Jason FreebyFreeby Lai Real EstateMore Info
908-443-1405

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Jason FreebyFreeby Lai Real EstateMore Info
908-443-1405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.