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  • Price cut: $29K (6/17)
    $399,000

    253 Water St #0, Belvidere Twp., NJ 07823

    --beds
    2baths
    4,794sqft
    : 
    $2,691/mo
    Get pre-qualified
    Apartment
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $83/sqft
    $-- HOA

    What's special

    Unbeatable visibility
    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!
    234 days
    |
    185
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jason Freeby 888-558-3898,

    Freeby Lai Real Estate

    Source: GSMLS,MLS#: 3999812MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 2
      Heating
      • 1 Unit, Natural Gas
      Cooling
      • 1 Unit
      Features
      • Flooring: Vinyl-Linoleum, Wood
      • Doors: Max Door Height: 8
      • Basement: Yes,Full
      Interior area
      • Total structure area: 7,191
      • Total interior livable area: 4,794 sqft

      Property

      Parking
      • Parking features: On-Street Parking
      • Has uncovered spaces: Yes
      Features
      • Stories: 3
      Lot
      • Size: 3,920 Square Feet
      • Dimensions: 36 x 54 IRR .090AC
      • Features: Corner Lot, Corner, Freestanding
      Details
      • Parcel number: 3003000050000000100000
      • Zoning description: B
      • Other equipment: Refrigeration Unit

      Construction

      Type & style
      • Home type: Apartment
      • Property subtype: Apartment
      • Attached to another structure: Yes
      Materials
      • Wood, Metal Siding
      • Roof: Asphalt Shingle

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Garbage Extra Charge

      Community & HOA

      Location
      • Region: Belvidere

      Financial & listing details

      • Price per square foot: $83/sqft
      • Tax assessed value: $316,200
      • Annual tax amount: $10,064
      • Date on market: 12/1/2025
      • Inclusions: Building Only
      • Ownership type: Fee Simple
      • Lease term: 5 Or More Years
      • Tenant pays: Electricity, Heat, Sewer, Snow Removal, Trash Collection, Water, All Utilities
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,628/mo

        Price history

        DateEventPrice
        6/17/2026Price change$399,000-6.8%$83/sqft
        Source: GSMLS #3999812 Report a problem
        4/23/2026Price change$428,000-4.9%$89/sqft
        Source: GSMLS #3999812 Report a problem
        1/21/2026Price change$450,000-9.8%$94/sqft
        Source: GSMLS #3999812 Report a problem
        12/1/2025Listed for sale$499,000$104/sqft
        Source: GSMLS #3999812 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 07823

        Getting around

        64 / 100
        Somewhat Walkable
        53 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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