140 BROAD ST Red Bank NJ 07701

Cushman & Wakefield is pleased to offer 100% fee interest in 140-148 & 133 Broad Street, Red Bank, New Jersey 07701 for sale.​ This offering represents the opportunity to acquire two properties ideally located in Downtown Red Bank.​ 140-148 Broad Street is comprised of a 26,586 SF retail and office building with onsite parking and 133 Broad Street currently serves as a parking lot across the street.​ Both sites are outstanding repositioning or redevelopment opportunities.​

140-148 Broad Street is leased by Red Bank River Center (the non-profit agency charged with revitalizing the downtown area), Eastern Monmouth Area Chamber of Commerce, OceanFirst Bank, and Arthur Murray Dance Studio.​

Red Bank offers compelling demographics with average annual household income of $149,658.​ Red Bank Station connects the property to the New York metropolitan area on the NJ Transit railroad line and the Jersey Shore is only minutes away.​

This acquisition presents three different viable investment options: 1) Redevelop both 140-148 & 133 Broad Street as a brand-new mixed-use development project.​ 2) Stabilized 140-148 Broad Street and redevelop 133 Broad as mixed-use development while still provided necessary parking for 140-148 Broad Street tenants.​ 3) Continue to operate in its current form but stabilizing the asset.​

COMPELLING LOCATION

• Walkable dining, shopping, and entertainment
• Proximity to the Navesink River and the points
• Red Bank Station (NJ Transit Train Service) within walking distance

---

ENVIABLE DEMOGRAPHICS

• Average Household Incomes of $122,506 and $149,658 within 1 and 3 miles
• Population of 131,340 within 5 miles
• Median Home Value of $506,388 within 5 miles

---

UNIQUE INVESTMENT OPPORTUNITY

• Existing NOI of $350,394
• Opportunity to significantly increase NOI via lease up and efficient management
• Stabilize existing building or redevelop with 133 Broad Street