36 South St 8,263 SF 100% Leased Retail Building New Providence, NJ 07974 $4,533,000 ($548.59/SF)

36 South Street, New Providence, NJ — For Sale
A fully leased, income-producing investment in the heart of downtown New Providence
Proventus Properties is pleased to present the opportunity to acquire 36 South Street, an 8,263-square-foot, two-story building positioned in the epicenter of downtown New Providence's Central Commercial District. The property is 100% leased, offering an investor immediate, diversified cash flow anchored by a national food hall concept, a two-decade-old local architecture firm, and a rooftop wireless license with Verizon.
A Downtown Location
36 South Street sits directly on South Street, steps from the Village Shopping Center — home to ACME, Starbucks, Orangetheory Fitness, Pure Barre, CVS, Jersey Mike's, and CHOPT — and within easy walking distance of Barth's Market, Riccardi, and the retail banks lining downtown New Providence. With a Walk Score of 83 ("Very Walkable") and 36 on-site parking spaces, the property offers a rare combination for this submarket: true walkability paired with dedicated, ample parking.
The trade area itself is affluent and deep. Median household income within three miles runs close to $200,000, and the daytime population within five miles tops 218,000 — a customer and tenant base that has kept this corner of Union County in consistent demand.
Diversified, In-Place Income
Wonder occupies the entire 4,064-square-foot ground floor under a long-term NNN lease running through March 2034.
Longo Architects & Associates, an established New Jersey design firm, has operated from the 4,199-square-foot second floor for more than 20 years — a track record of stability uncommon in most office leases.
Verizon maintains a rooftop equipment license generating ancillary income, with equipment recently upgraded in 2025, reinforcing its long-term commitment to the site.
The Opportunity
For an investor seeking a stabilized, multi-tenant asset in one of Union County's most established downtowns, 36 South Street offers in-place income, staggered lease rollover risk, and a location that continues to draw national retailers and loyal local businesses alike.