235 Broubalow WayPhillipsburg, NJ 08865

  • Commercial real estate
  • 0.57 AC
For Sale
$675,000 View listing

Property Details for 235 Broubalow Way

Construction
BRICK
Lot size
0.57 AC
Zone code
B-1
Property type
Commercial real estate
APN
19 00406-0000-00006
APU
1900406000000006

Description

This exceptional mixed-use property, located at 235 Broubalow Way in Phillipsburg, New Jersey, presents a unique investment opportunity. The 8,000 square foot building, constructed in 2013, sits on a half-acre lot in Warren County (zip code 08865) and is zoned B1. Currently configured as a three-story office building, it offers significant potential for various uses. The building boasts ample private parking and convenient access to major highways, including Routes 22, 78, 33, and 611, ensuring easy commuting for tenants and clients. Its current layout is suitable for professional office space, but the property's zoning allows for flexibility, potentially including conversion to a multi-unit residential project. The asking price for this Class C building is $675,000, making it an attractive proposition for owner-users or investors seeking a versatile property in a strategic location. The property's proximity to the Pennsylvania border further enhances its appeal and potential for a diverse range of businesses or residential uses. This is a rare opportunity to acquire a well-located, adaptable property with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,059,883
    Hospitality
    $6,466,815
    Educational
    $5,380,314
    Medical
    $5,565,351
    Retail
    $8,369,378

Location Insight

City
Phillipsburg
County
Warren
State
New Jersey
Latitude
40.6999
Longitude
-75.1796
CBSA code
10900
CBSA name
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$37,021
$149,800
$742,700
$892,500
-
$149,800
$742,700
$892,500

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