32 Broad StFreehold, NJ 07728

Property Details for 32 Broad St

Lot size

0.99 AC

Property size (Sq ft)

15,224 SF

Property type

Commercial real estate

APN

16 00035-0000-00015

APU

1600035000000015

Description

This exceptional Freehold, NJ commercial property, located at 32 Broad Street Unit 32, presents a compelling investment opportunity. The all-brick building offers approximately 16,000 square feet of versatile space, perfectly suited for a variety of uses. Three separate entrances provide flexibility for multiple tenants or a single large operation requiring distinct areas. Its prime location near Freehold's historic Main Street ensures high visibility and easy access to a wealth of local amenities, including dining, shopping, and other businesses. The property benefits significantly from its inclusion in a redevelopment zone, potentially unlocking attractive incentives for future development or renovation projects. This translates to substantial long-term growth potential and increased intrinsic value. Ample on-site parking is available, providing convenience for both employees and clients. The building's character and functionality make it an ideal choice for businesses seeking a prominent presence in a thriving community. Whether your vision includes professional office space, retail ventures, or a mixed-use development, this property offers a unique blend of established appeal and future growth prospects. The asking price is $7,600,000. The property sits on a 0-acre lot.

• CAP approach

  CAP return

  Valuation

  6%

  $3,188,590

  6.5%

  $2,943,310

  7%

  $2,733,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,989,170

  Geo Method

  $1,989,170

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,683,990

  Retail / Commercial

  $2,936,390

  Mixed-Use / Specialty

  $2,943,010

  Hospitality / Lodging

  $2,181,430

  Office

  $2,943,310

  Institutional / Educational

  $3,065,640

  Residential Income

  $3,586,800

  Multifamily

  $4,207,130

  Automotive / Energy

  $2,627,690

  Parking / Income-Based Land

  $889,911

  Restaurant / Food Service

  $1,567,130

  Healthcare / Senior Housing

  $3,000,480

Location Insight

City

Freehold

County

Monmouth

State

New Jersey

Latitude

40.259

Longitude

-74.2782

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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