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    40-42 Broad St Red Bank, NJ 07701

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    For Lease
    $40 SF/Yr ($10,000 /Mo)

    3,000 SF retail/restaurant space in downtown Red Bank.

    Property size:
    3,000 SF
    Lot size:
    3,000 SF

    Property Features for 40-42 Broad St

    General Information

    Size
    3,000 SF

    Source: Matthew LoBocchiaro Agent Matthew LoBocchiaro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail/Restaurant Space Available

    This property features 3,000 square feet of prime, first-floor retail or restaurant space within a three-story building. Located in the heart of downtown Red Bank, it is steps away from the Red Bank NJ Transit rail station and minutes from the Garden State Parkway and Jersey Shore. The facade is currently undergoing cosmetic upgrades. The space includes 12-foot ceilings under a modern drop ceiling, a large ADA-compliant bathroom, and ADA accessibility to the store and bathroom. Separate utilities and climate controls are in place, along with a brand-new 7.5-ton HVAC unit. The property is fully wet sprinklered with smoke detection. Ample municipal parking is available nearby. There is potential for expansion into the lower level. The traffic count on Broad Street is over 20,600 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Red Bank
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0663061
    Latitude
    40.3142259

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    FAQs

    What type of property is this?
    Retail space - 3,000 SF retail/restaurant space in downtown Red Bank.
    Where is this retail space located?
    The property is located at 40-42 Broad St Red Bank, NJ.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Red Bank location, steps from NJ Transit rail station.; - **3,000± SF of first-floor retail or restaurant space.**; - High traffic count (20,600+/day) on Broad Street.
    (908) 415-8659
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40-42 Broad St Red Bank, NJ 07701
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