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8 N Broadway 13,869 SF 100% Leased Office Building Pitman, NJ 08071 $1,200,000 ($86.52/SF) 6.50% Cap Rate



Investment Highlights
- Mixed Use Medical/Dental, Other, Professional Service
Executive Summary
An exceptional business opportunity in the heart of Pitman’s vibrant business district just off N. Broadway and E. Holly! This fully renovated historic stucco building offers unmatched visibility and functionality across approximately 9,000 SF. Meticulously updated throughout, the building accommodates three tenants and provides modern systems alongside historic charm.
The first floor, remodeled in 2024, supports a long-standing medical-related tenant and features multiple entrances, a spacious waiting area, various offices/treatment rooms, and mobility-friendly enhancements. The second floor includes impressive conference and meeting spaces, offices, a built-in bar, dining/game room, and sitting areas—recently upgraded with a new A/C system. The third floor offers additional office areas, reception, a full kitchen, full bathroom, and an open space ideal for meetings or collaborative work, supported by a newer HVAC system.
On-site parking for approximately 20 vehicles ensures convenience for tenants and visitors. Major system updates include new and recently serviced A/C units, an updated hot water heater, and a maintained basement for utilities and storage. Active leases include scheduled increases over the next five years, offering strong and predictable income potential.
For rent roll details and expense lists, reach out directly to the listing agent.
The first floor, remodeled in 2024, supports a long-standing medical-related tenant and features multiple entrances, a spacious waiting area, various offices/treatment rooms, and mobility-friendly enhancements. The second floor includes impressive conference and meeting spaces, offices, a built-in bar, dining/game room, and sitting areas—recently upgraded with a new A/C system. The third floor offers additional office areas, reception, a full kitchen, full bathroom, and an open space ideal for meetings or collaborative work, supported by a newer HVAC system.
On-site parking for approximately 20 vehicles ensures convenience for tenants and visitors. Major system updates include new and recently serviced A/C units, an updated hot water heater, and a maintained basement for utilities and storage. Active leases include scheduled increases over the next five years, offering strong and predictable income potential.
For rent roll details and expense lists, reach out directly to the listing agent.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,869 SF
Building Class
C
Year Built
1906
Price
$1,200,000
Price Per SF
$86.52
Cap Rate
6.50%
NOI
$78,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,623 SF
Building FAR
0.82
Lot Size
0.39 AC
Zoning
C1 - This zoning typically allows for retail stores, offices, restaurants, and other business-related uses
Parking
8 Spaces (0.85 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15-00200-0000-00022 | Improvements Assessment | $381,900 |
| Land Assessment | $103,000 | Total Assessment | $484,900 |
Property Taxes
Parcel Number
15-00200-0000-00022
Land Assessment
$103,000
Improvements Assessment
$381,900
Total Assessment
$484,900
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8 N Broadway
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