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62-68 N Broad St 17,900 SF Retail Building Woodbury, NJ 08096 $1,350,000 ($75.42/SF)
EXECUTIVE SUMMARY
Property Features
28,000 sq ft total
16,000 sq ft open-span main floor
1,000 sq ft second floor
11,000 sq ft usable basement
Originally engineered for heavy retail loads (Kresge’s five-and-ten)
Wide spans + durable construction ideal for modern warehouse/showroom use
Redevelopment Zone = PILOT tax incentive potential
Strong Broad Street visibility
Flexible zoning for retail, warehouse, distribution, flex, creative, marketplace
Large-format footprint rare for downtown districts
________________________________________
Redevelopment Zone Benefits
Eligible for Payment In Lieu of Taxes (PILOT) agreements
Potential 10–30 year tax structure (subject to city approval)
Dramatically reduced operating expenses
Supports modernization, cleanup, electrical upgrades, and full redevelopment
________________________________________
Ideal Uses
Large-format retail or showroom
Warehouse / distribution / storage
Creative studios / makerspace
Antique or specialty marketplace
Flex-use redevelopment
Multi-tenant subdivision
28,000 sq ft total
16,000 sq ft open-span main floor
1,000 sq ft second floor
11,000 sq ft usable basement
Originally engineered for heavy retail loads (Kresge’s five-and-ten)
Wide spans + durable construction ideal for modern warehouse/showroom use
Redevelopment Zone = PILOT tax incentive potential
Strong Broad Street visibility
Flexible zoning for retail, warehouse, distribution, flex, creative, marketplace
Large-format footprint rare for downtown districts
________________________________________
Redevelopment Zone Benefits
Eligible for Payment In Lieu of Taxes (PILOT) agreements
Potential 10–30 year tax structure (subject to city approval)
Dramatically reduced operating expenses
Supports modernization, cleanup, electrical upgrades, and full redevelopment
________________________________________
Ideal Uses
Large-format retail or showroom
Warehouse / distribution / storage
Creative studios / makerspace
Antique or specialty marketplace
Flex-use redevelopment
Multi-tenant subdivision
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,900 SF
Building Class
C
Year Built
1946
Price
$1,350,000
Price Per SF
$75.42
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.09
Lot Size
0.38 AC
Zoning
N/Av, Woodbury - Redevelopment Zoning
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-00120-0000-00007 | Improvements Assessment | $142,900 |
| Land Assessment | $55,500 | Total Assessment | $198,400 |
PROPERTY TAXES
Parcel Number
22-00120-0000-00007
Land Assessment
$55,500
Improvements Assessment
$142,900
Total Assessment
$198,400
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62-68 N Broad St
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