400 Broadway Way
Freehold, NJ 07728
Industrial Property For Sale

The Geller Group at Marcus & Millichap is pleased to present the exclusive offering of 400 Broadway, a vacant industrial property situated on ±7 acres in the heart of Monmouth County, New Jersey. This site represents a rare redevelopment opportunity in a highly desirable suburban market characterized by strong housing demand and limited land availability. The property currently consists of a 37,800-square-foot steel-frame warehouse built in 1955, featuring five drive-in doors, one exterior dock, a 5,000-square-foot garage, and a large fenced yard with trailer parking. With full utility access—including 3-phase heavy power, gas, water, and sewer—and a FEMA Zone X designation (no special flood hazard), the site offers a clean slate for developers seeking to capitalize on its strategic location and zoning potential.
The property is zoned LTW-40 (Lake Topanemus Watershed District), which prioritizes low-density residential development and environmental protection. Under current zoning, the highest and best use for the site is single-family residential redevelopment, subject t compliance with watershed management practices and design standards. This zoning framework aligns with the growing demand for suburban housing in Monmouth County, where supply constraints and demographic trends continue to drive absorption and price appreciation. Developers may also explore entitlement strategies for alternative residential formats or mixed-use concepts, leveraging the site’s size and proximity to major transportation corridors.
Strategically located near Routes 9, 33, and 34, 400 Broadway offers excellent connectivity to regional employment centers and Newark Liberty and Trenton-Mercer airports. The surrounding area benefits from strong household incomes, quality schools, and access to retail and lifestyle amenities, making it an attractive destination for new residential communities. The property’s scale and configuration provide flexibility for subdivision planning, while its existing infrastructure reduces upfront development costs compared to raw land acquisitions. This combination of location, zoning, and physical attributes positions 400 Broadway as a compelling redevelopment play in one of New Jersey’s most competitive housing markets.
This offering is presented as a Request for Pricing, allowing investors and developers to underwrite based on their vision and market outlook. With its vacant status, favorable
zoning, and strategic location, 400 Broadway represents a unique opportunity to transform a legacy industrial site into a vibrant residential community. For additional
information, site plans, and entitlement guidance, please contact The Geller Group at Marcus & Millichap.