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Second-Floor Office Units
For Lease
$22 SF/Yr

507 Broad Street, Shrewsbury, NJ 07702

Commercial Lease, Shrewsbury Boro, NJ

Space Size2,500 SF
Lot Size0.40 Acres
Days on Market370

Property Features for 507 Broad Street

General Information

Property type Commercial Lease
Property subtype Other
Rooms Basement
Parking 8
Parking features Off Street, Assigned, On Street
Basement Full
Directions Route 35 North use your navigator
Standard status Active
APN 44-00037-0000-00002
Size 6,962 SF
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 35858

Utilities

Sewer type Public Sewer
Cooling system Electric, Central Air
Water source Public

Amenities

bathrooms
kitchen

Building Details

Year built 1952
Floors in Building 2
Building materials Stucco
Roof type Asphalt
Listing Agency: Resources Real Estate
Listed By: Sahar I Karykous · License #1866222
Added: Sep 5, 2025 Changed: Sep 3 Last Checked: Sep 9 at 5:06AM
MLS# 22527021

Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The second-floor office space encompasses approximately 2,500 SF within a 6,962-square-foot commercial property built in 1952. The layout includes abundant natural light, two new bathrooms, and a kitchen, with B-1 zoning supporting professional office, medical, med spa, and general business uses. The property has stucco construction, central air, electric cooling, public water, and public sewer.

Located at 507 Broad Street along Route 35, the property sits next to The Grove and is minutes from Red Bank. The upcoming Netflix studio at Fort Monmouth is approximately 2–3 miles away, or about a 5-minute drive. NJ Transit and major routes provide additional regional access. Parking includes off-street, on-street, and assigned spaces.

Key Highlights

  • Approximately 2,500 SF of second‑floor office space
  • B‑1 zoning supports professional office, medical, med spa, and general business uses
  • Two new bathrooms, kitchen, and abundant natural light

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Locksmith Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,171
Businesses Nearby

Demographics for 07702, NJ

4,184
Population
1,526
Households
2.7
Avg Household Size
47
Median Age
65%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
1,902
Density / Sq Mi
$144,500
Median Household Income
$80,694
Median Earnings
$3,300
Median Rent
$735,900
Median Home Value

Market

Lease Benchmarks for Shrewsbury, NJ

$12.65 /SF/Yr
Avg Asking Price
$4.59–$22 /SF/Yr
Price Range
4,375 SF
Avg Space Size

This space is priced 74% above the average of $12.65 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - Flexible B-1-zoned space with natural light, two new bathrooms, a kitchen, and access to Route 35.
Where is this office units located?
The property is located at 507 Broad Street Shrewsbury, NJ.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Approximately 2,500 SF of second‑floor office space; B‑1 zoning supports professional office, medical, med spa, and general business uses; Two new bathrooms, kitchen, and abundant natural light
More about this property
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