For Sale
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707 New Brunswick Ave Phillipsburg, NJ 08865

Vacant Bank Building, 1,597 SF

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
136
This 1,597 square foot vacant retail space, formerly a Bank of America branch, presents a unique redevelopment or end-user opportunity in Phillipsburg, New Jersey. Located at 707 New Brunswick Ave, 08865, in Warren County, this property sits on a 0.6-acre lot and includes 16 parking spaces. The sale is structured as a sale/leaseback, allowing Bank of America to maintain a drive-up ATM for ten years. A temporary sale/leaseback also includes a one-year lease of the entire property, providing time for permitting and ATM installation. All terms and conditions are detailed in the Purchase and Sale Agreement and exhibits (ATM lease & Temporary Sale/Leaseback). The property will be purchased through a modified bid process with a deadline of October 17, 2024. An open house is scheduled for October 10, 2024, from 11:30 AM to 1:30 PM. This is an exceptional opportunity to acquire a well-located property with significant potential. The property's convenient location and ample parking make it an attractive option for a variety of retail uses. Detailed information, including the Purchase and Sale Agreement and exhibits, is available.

Highlights

  • 1,597 SF retail building, former Bank of America branch, vacant.
  • 0.6-acre lot with 16 parking spaces.
  • Modified lease terms; sale/leaseback with a 10-year ATM lease and a 1-year temporary leaseback.
  • Bid deadline: October 17, 2024.
  • Open house: October 10, 2024, 11:30 AM - 1:30 PM.

Property Details for 707 New Brunswick Ave

Property type
Retail properties, Banks
Square Feet
1,597 SF
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Phillipsburg
County
Warren
State
New Jersey
Latitude
40.6721806
Longitude
-75.1551356

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FAQs

What type of property is this?
Retail property - Vacant Bank Building, 1,597 SF
Where is the retail property located?
The property is located at 707 New Brunswick Ave Phillipsburg, NJ.
What are key features of this property?
This property features: 1,597 SF retail building, former Bank of America branch, vacant.; 0.6-acre lot with 16 parking spaces.; Modified lease terms; sale/leaseback with a 10-year ATM lease and a 1-year temporary leaseback.
How can I contact the broker?
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Contacts

John Montagna
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Useful Information

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New Brunswick Ave
Phillipsburg, NJ 08865

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New Brunswick Ave
Phillipsburg, NJ 08865

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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707 New Brunswick Ave
  • John Montagna
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