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169 Broadway 3,680 SF Retail Building Long Branch, NJ 07740 For Sale 5% Cap Rate
Executive Summary
169 Broadway is a single-tenant net leased commercial property located in the heart of downtown Long Branch, New Jersey. The property is positioned prominently at the signalized intersection of Broadway and Liberty Street and is occupied by Citizens Bank under a long-term lease structure with renewal options.
The asset consists of approximately 3,680 square feet situated on approximately 0.13 acres with strong visibility and frontage along Broadway. The property benefits from its location within Long Branch’s central business district, surrounded by retail, service, restaurant, and residential uses.
The offering presents investors with an opportunity to acquire a stable, income-producing asset backed by an established financial institution tenant.
A major nearby redevelopment project located at 118–119 Broadway is expected to further enhance the surrounding downtown corridor and increase residential density within immediate proximity to the property.
The planned development is expected to include:
• Approximately 299 rental residences
• Upscale lifestyle amenities
• A highly anticipated SuperFresh grocery market
• Neighborhood café and supporting retail uses
The asset consists of approximately 3,680 square feet situated on approximately 0.13 acres with strong visibility and frontage along Broadway. The property benefits from its location within Long Branch’s central business district, surrounded by retail, service, restaurant, and residential uses.
The offering presents investors with an opportunity to acquire a stable, income-producing asset backed by an established financial institution tenant.
A major nearby redevelopment project located at 118–119 Broadway is expected to further enhance the surrounding downtown corridor and increase residential density within immediate proximity to the property.
The planned development is expected to include:
• Approximately 299 rental residences
• Upscale lifestyle amenities
• A highly anticipated SuperFresh grocery market
• Neighborhood café and supporting retail uses
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Bank
Building Size
3,680 SF
Building Class
B
Year Built
1965
Cap Rate
5%
Tenancy
Single
Building Height
1 Story
Building FAR
0.63
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
LBC
Frontage
Amenities
- Signalized Intersection
- Drive Thru
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-00275-0000-00001 | Improvements Assessment | $850,231 CAD |
| Land Assessment | $352,572 CAD | Total Assessment | $1,202,804 CAD |
Property Taxes
Parcel Number
27-00275-0000-00001
Land Assessment
$352,572 CAD
Improvements Assessment
$850,231 CAD
Total Assessment
$1,202,804 CAD
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169 Broadway
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