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Former Bank Branch For Sublease
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553 Broadway, Westwood, NJ 07675

Sublease opportunity: ±2,980 RSF former bank branch with drive-thru.

Space Size2,980 SF
Days on Market147

Property Features for 553 Broadway

General Information

Standard status Active
Size 2,980 SF
Class C
Property subtype retail

Spaces For Lease

at 553 Broadway Contact us

Available Space

Floor
1
Size
2,980 SF
Term
Negotiable
Availability
Immediate
Contact us
Listing Agency: Parsippany
Listed By: Craig Parcells · License #1648648
Source: Property.jll
Added: Apr 15 Changed: Sep 7 Last Checked: Sep 7 at 4:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parsippany

Investment Insights

Based on property information with market context.

A former bank branch is available for sublease, offering approximately 2,980 rentable square feet. The property features an existing drive-thru. The end of the current term is June 30, 2032. The existing rate is $58.94 per square foot, with estimated operating expenses at $0.00 per square foot and estimated real estate taxes at $12.87 per square foot. The property is located in Westwood, NJ.

Key Highlights

  • Existing drive thru
  • ±2,980 RSF Available Immediately**
  • End of Term: 06/30/2032

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Auto Parts Store Hotel & Motel Butcher Computer & Electronic Repair

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,215
Businesses Nearby
121k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 45% Apparel 29% Shops & Services 17% Dining 6%
Trader Joe's Groceries
54,812 visits/mo 0.1 miles
T.J. Maxx Apparel
35,133 visits/mo 0.4 miles
Chase Bank Shops & Services
8,419 visits/mo 0.1 miles
The UPS Store Shops & Services
6,784 visits/mo 0.3 miles
Playa Bowls Dining
4,286 visits/mo 0.3 miles

Demographics for 07675, NJ

27,079
Population
10,049
Households
2.7
Avg Household Size
45
Median Age
65%
College-Educated
97%
High-School Grad
9.6 sq mi
ZIP Area
2,821
Density / Sq Mi
$176,981
Median Household Income
$72,808
Median Earnings
$2,347
Median Rent
$680,600
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Bank - Sublease opportunity: ±2,980 RSF former bank branch with drive-thru.
Where is this bank located?
The property is located at 553 Broadway Westwood, NJ.
What are key features of this property?
This property features: Existing drive thru; ±2,980 RSF Available Immediately**; End of Term: 06/30/2032
More about this property
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