Turnkey Office | NJ/PA Border 235 Broubalow Way 743 m² Inoccupé Bureau Vente aux enchères en ligne Phillipsburg, NJ 08865

235 Broubalow Way presents investors and owners/users with a turnkey office opportunity near the New Jersey/Pennsylvania border. The well-appointed 8,000-square-foot office has a simple, solid brick façade. Presently, there is signage in front of the office for tenants with instructions on parking. The three-story asset comes equipped with gracious floor plates. Perched on 0.57 acres, the property provides ample parking. The broad B-1 zoning in Phillipsburg allows for many potential uses by new ownership depending on business needs. B-1 allows for office buildings intended for business, executive, professional, and administrative purposes, including financial institutions. Other special uses include churches or similar places of worship, public buildings, medical or dental clinics and laboratories, and small businesses.
The Warren County Office Submarket is small yet substantial and an excellent place for investors and owners. As of the first quarter of 2025, the vacancy rate sits at a low of 3.6%. The Warren County office submarket has roughly 98,000 square feet of space listed as available, for an availability rate of 4.9%. As of the first quarter of 2025, no office space is under construction in Warren County. Rents have changed by 0.9% year over year in Warren County, compared to a change of 0.9% metro-wide.
235 Broubalow Way benefits from being a part of the greater Lehigh Valley market. This area is one of the fastest-growing regions and a crucial Northeast logistics hub. The market has transformed from its industrial heritage, anchored by Bethlehem Steel, into a diverse economy with particular strength in manufacturing, logistics, healthcare, and financial services. Lehigh Valley's strategic position near New York City and Philadelphia and lower operating costs have benefited the area. Located along the Interstates 78 and 476 corridor, the region offers exceptional access to major Northeast markets while maintaining substantially lower real estate and labor costs than nearby metros. The region's workforce of 400,000 individuals is supported by a strong white-collar sector, where professional and business services, government, and finance collectively account for nearly 30% of employment. Additionally, the education and healthcare sectors, which typically require physical office space, represent around 20% of the workforce. Lehigh Valley Health Network stands out as the largest employer in the area, with nearly 8,000 employees. Other notable office tenants include ADP, Guardian Life, Dun & Bradstreet, AtWork, and various local school districts.
Philipsburg is an excellent place for office users. It is located just across the Delaware River from Pennsylvania and offers access to rural and urban amenities. This office asset is surrounded by many retailers and conveniences. Employees and visitors will delight in the closeness to Dunkin’, CVS, Wawa, McDonald’s, and dozens of local eateries. St. Luke’s Hospital Warren Campus and many outpatient offices are also nearby.
Discover 235 Broubalow Way, the perfect canvas for numerous businesses in Phillipsburg, New Jersey.
Property tours are available by appointment only. Please contact the listing broker to schedule.