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Vacant Bank Branch | Retail/ Office Upside 434 Main St 4,930 SF Vacant Retail Building Online Auction Sale Chatham, NJ 07928
Investment Highlights
- Subject presents a 5,036-square-foot former Wells Fargo Bank building with upside potential in retail or office repurposing.
- Zoned B-1 for Chatham’s Business Center District, a variety of commercial operations can be accommodated in the two-story building.
- Equipped with a drive-thru lane and with multiple points of ingress/ egress for easy accessibility at the corner location.
- Prominently located at the highly visible, signalized intersection of Main Street (Route 124) and Van Doren Avenue, exposed to more than 19,000 VPD.
- Near the NJ Transit route line serving Madison to the east and Summit Short Hills to the west, there is built-in visibility and convenience.
- 1st floor features standard bank-telling layout while the 2nd floor features a conference room, private offices, a break room, a lounge, and more.
Executive Summary
As the exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 434 Main Street, Chatham, New Jersey, for sale. This 5,036-square-foot retail/office building sits on a 0.46-acre lot with approximately 133 feet of frontage on Main Street (Route 124), the main commercial artery connecting Summit, Chatham, Madison, and Morristown. The National Bank franchise, Wells Fargo, formerly occupied the first floor, with professional office space upstairs, and the property will now be delivered vacant at the time of sale. The property benefits from 20 on-site parking spaces and its desirable corner location at a signalized intersection of Route 124 and Van Doren Avenue.
Located in the heart of Chatham’s downtown corridor, the property is surrounded by affluent residential neighborhoods and benefits from proximity to several top-rated public schools consistently ranked among the best in New Jersey. The area also offers convenient access to leading healthcare institutions, including Morristown Medical Center and Summit Overlook Medical Center. With its walkable downtown, high household incomes, and direct NJ Transit access to New York Penn Station, Chatham offers a highly sought-after environment for residents.
Chatham, New Jersey, is an affluent suburban community located along Route 124 in the heart of New Jersey’s “Wealth Belt,” known for its tree-lined streets, charming downtown, and strong demographics. The area offers exceptional public schools, access to premier healthcare institutions, and a highly educated population. Many residents commute daily to Manhattan, with the Chatham NJ Transit station providing direct service to New York Penn Station. This combination of proximity to New York City, outstanding local amenities, and a high-income residential base makes Chatham one of the most desirable and stable investment markets in northern New Jersey, attracting both residents and investors alike.
Located in the heart of Chatham’s downtown corridor, the property is surrounded by affluent residential neighborhoods and benefits from proximity to several top-rated public schools consistently ranked among the best in New Jersey. The area also offers convenient access to leading healthcare institutions, including Morristown Medical Center and Summit Overlook Medical Center. With its walkable downtown, high household incomes, and direct NJ Transit access to New York Penn Station, Chatham offers a highly sought-after environment for residents.
Chatham, New Jersey, is an affluent suburban community located along Route 124 in the heart of New Jersey’s “Wealth Belt,” known for its tree-lined streets, charming downtown, and strong demographics. The area offers exceptional public schools, access to premier healthcare institutions, and a highly educated population. Many residents commute daily to Manhattan, with the Chatham NJ Transit station providing direct service to New York Penn Station. This combination of proximity to New York City, outstanding local amenities, and a high-income residential base makes Chatham one of the most desirable and stable investment markets in northern New Jersey, attracting both residents and investors alike.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Survey
- Floor Plans
- Third Party Reports
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Bank
Building Size
4,930 SF
Building Class
C
Year Built
1960
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.46 AC
Parcel Number
04-00083-0000-00001
Zoning
B-1 - Business Center District
Parking
20 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
- Drive Thru
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former Bank
Former Bank
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,412 SF | Retail | In-Line | Now |
| 2nd Floor | 2,518 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 2,412 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2nd Floor
| Size |
| 2,518 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 2,412 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former Bank
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Floor
| Size | 2,518 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former Bank
Walk Score®
Very Walkable (71)
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
12,365
74,031
163,285
2020 Population
12,153
72,325
158,111
2029 Population
12,396
73,897
162,708
2024-2029 Projected Population Growth
0.3%
-0.2%
-0.4%
Daytime Employees
5,040
53,999
145,955
Total Businesses
742
5,484
14,605
Average Household Income
$211,704
$190,762
$186,899
Median Household Income
$211,530
$175,882
$167,762
Total Consumer Spending
$212.5M
$1.2B
$2.7B
Median Age
41.3
40.8
42.7
2024 Households
4,201
25,423
57,234
Percent College Degree or Above
36%
32%
32%
Average Home Value
$850,759
$844,388
$795,555
Nearby Major Retailers
Sale Advisors
Sale Advisors
Jordan Sobel, Director
Jordan is located in Cushman & Wakefield’s Morristown, New Jersey office and specializes in middle markets transactions in the $2 million to $50 million range in the suburban New York Metropolitan area.
Since joining the Private Client Group, Jordan has been involved in more than $1 billion of property sales comprising over 4 million square feet. Jordan’s tenacity and work ethic has consistently delivered superior results for his clients.
Prior to joining the Capital Markets Group, Jordan was a Land Acquisition Analyst at K. Hovnanian Homes. There he assisted the Acquisition team with the evaluation on current and potential acquisitions.
Since joining the Private Client Group, Jordan has been involved in more than $1 billion of property sales comprising over 4 million square feet. Jordan’s tenacity and work ethic has consistently delivered superior results for his clients.
Prior to joining the Capital Markets Group, Jordan was a Land Acquisition Analyst at K. Hovnanian Homes. There he assisted the Acquisition team with the evaluation on current and potential acquisitions.
Andrew Schwartz, Managing Director
Andrew J. Schwartz is a Senior Director in the Metropolitan Area Capital Markets Group. He is located in Cushman & Wakefield’s Morristown, New Jersey office and specializes in middle markets transactions in the $2 million to $20 million range in the suburban New York Metropolitan area.
Since joining the Capital Markets Group, Andrew has been involved in more than $500 million of property sales comprising over 5.7 million square feet. Prior to that, he worked on Wall Street for 20 years serving institutional clients at Abel Noser and Morgan Stanley. Previous to that, he was with Cushman & Wakefield as an office and industrial leasing broker.
Since joining the Capital Markets Group, Andrew has been involved in more than $500 million of property sales comprising over 5.7 million square feet. Prior to that, he worked on Wall Street for 20 years serving institutional clients at Abel Noser and Morgan Stanley. Previous to that, he was with Cushman & Wakefield as an office and industrial leasing broker.
Andre Balthazard, Sr. Associate
Andres’s team specializes in middle-market transactions in the Northern New Jersey and Suburban New York markets. Prior to joining the Capital Markets team, André interned with Cushman & Wakefield in the Sacramento, California, office, where he worked with teams that represented office and industrial tenants and landlords.
Daniel Bottiglieri, Senior Associate - Capital Markets
Daniel J. Bottiglieri is an Associate in the Metropolitan Area Capital Markets Group. He is located in Cushman & Wakefield’s Morristown, New Jersey office and specializes in middle market dispositions ranging from $2 million to $30 million with a specific focus on retail sales.
About the Auction Technology
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Auction Contact
Pace Zambito
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
Contacts
-
Jordan Sobel -
Andrew Schwartz -
Andre Balthazard -
Daniel Bottiglieri -
Cushman & Wakefield
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Vacant Bank Branch | Retail/ Office Upside | 434 Main St
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