707 New Brunswick AvePhillipsburg, NJ 08865

Property Details for 707 New Brunswick Ave

Construction

FRAME

Lot size

0.60 AC

Zone code

B-1

Property type

Commercial real estate

APN

20 00043-0000-00010

APU

2000043000000010

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $7,431,516

  Hospitality

  $6,807,228

  Educational

  $5,663,534

  Medical

  $5,858,312

  Retail

  $8,809,942

Location Insight

City

Phillipsburg

County

Warren

State

New Jersey

Latitude

40.6722

Longitude

-75.155

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].