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450 Broad St 5,674 SF Retail Building Shrewsbury, NJ 07702 $1,950,000 ($343.67/SF)
INVESTMENT HIGHLIGHTS
- Fully approved 5,274 SF Retail/office building
- The site has direct access from Broad Street and access to the light on Thomas Avenue
- Approved for 36 parking space
- Great location down the road from the Grove and the Grove West which are one of NJ's most successful retail centers.
EXECUTIVE SUMMARY
Property is fully approved for a 5,274 SF retail/office building. Fantastic location just down the road from The Grove and the Grove West Shopping centers. Daily traffic count over 35,000 per day. Located within a few miles from Riverview Medical Center, Monmouth Medical Center and Jersey Shore Medical Center.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
5,674 SF
Building Class
C
Year Built
1920
Price
$1,950,000
Price Per SF
$343.67
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.36 AC
Zoning
C-12.5
Parking
12 Spaces (6.18 Spaces per 1,000 SF Leased)
Frontage
38’ on Broad St
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 44-00013-0000-00011 | Improvements Assessment | $430,000 |
| Land Assessment | $704,400 | Total Assessment | $1,134,400 |
PROPERTY TAXES
Parcel Number
44-00013-0000-00011
Land Assessment
$704,400
Improvements Assessment
$430,000
Total Assessment
$1,134,400
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450 Broad St
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