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848 Broad St 4,000 SF 100% Leased Office Building Shrewsbury, NJ 07702 $1,699,999 ($425.00/SF)
Investment Highlights
- Freestanding commercial building positioned along Broad Street in Shrewsbury.
- Convenient access to regional transportation routes, including Route 35 and the Garden State Parkway.
- Cornerstone location within a mature business district near Red Bank and the Jersey Shore region.
- High-visibility location on a well-traveled corridor serving the Eastern Monmouth market.
- Established commercial setting surrounded by professional services, retail, and dining amenities.
- On-site parcel provides a standalone identity and prominent street presence.
Executive Summary
Turnkey office building ideally positioned in the heart of one of Monmouth County’s most dynamic and desirable corridors. Located along Route 35/Broad Street, 848 Broad Street sits just 2 miles from the entrance to Netflix’s highly anticipated East Coast production hub at Fort Monmouth—one of the most significant economic development projects in the region.
The location is exceptional. Just to the north is vibrant Downtown Red Bank; to the east, the highly sought-after Rumson–Fair Haven–Little Silver peninsula and some of New Jersey’s most desirable residential communities; and to the west, Colts Neck and its surrounding affluent markets.
848 Broad also offers outstanding regional connectivity, with convenient access to the Red Bank and Little Silver train stations, high-speed ferry service to Manhattan, the Garden State Parkway, and major regional roadways—placing New York City and the greater metropolitan market within easy reach.
The property is situated within Shrewsbury’s B-1 Business Zone District, which permits a diverse range of uses including business and professional offices, retail trade and service establishments, financial institutions, and residential/mixed-use opportunities.
The location is exceptional. Just to the north is vibrant Downtown Red Bank; to the east, the highly sought-after Rumson–Fair Haven–Little Silver peninsula and some of New Jersey’s most desirable residential communities; and to the west, Colts Neck and its surrounding affluent markets.
848 Broad also offers outstanding regional connectivity, with convenient access to the Red Bank and Little Silver train stations, high-speed ferry service to Manhattan, the Garden State Parkway, and major regional roadways—placing New York City and the greater metropolitan market within easy reach.
The property is situated within Shrewsbury’s B-1 Business Zone District, which permits a diverse range of uses including business and professional offices, retail trade and service establishments, financial institutions, and residential/mixed-use opportunities.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Building Size
4,000 SF
Building Class
B
Year Built
2004
Price
$1,699,999
Price Per SF
$425.00
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,200 SF
Slab To Slab
10’
Building FAR
0.25
Lot Size
0.37 AC
Zoning
B-1 - Business, Retail, Commercial
Parking
10 Spaces (7.94 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 44-00028-0000-00014 | Improvements Assessment | $1,132,100 |
| Land Assessment | $609,500 | Total Assessment | $1,741,600 |
Property Taxes
Parcel Number
44-00028-0000-00014
Land Assessment
$609,500
Improvements Assessment
$1,132,100
Total Assessment
$1,741,600
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848 Broad St