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    540 Broad St Newark, NJ 07102

    Sponsored
    For Lease
    Contact for pricing

    A-Class Office Suites in Downtown Newark

    Lot size:
    125,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A commercial property, located at 540 Broad Street in Newark, New Jersey, offers a unique opportunity for businesses seeking executive office space. The building boasts a total of 125,000 square feet, encompassing a mix of retail and office space. Currently, there are two available suites, perfect for businesses requiring between 2,733 and 4,500 contiguous square feet. The minimum divisible space is 2,733 square feet, providing flexibility for various business needs. The building's prime location in Essex County, with easy access to major transportation routes, makes it an ideal choice for companies seeking a central and convenient location. The building is classified as Class A, reflecting its high-quality construction, modern amenities, and desirable location. A total of 7,233 square feet is currently vacant, presenting a significant opportunity for immediate occupancy. The property's mixed-use nature, combining retail and office space, offers a dynamic and vibrant environment. This is an excellent opportunity to establish a presence in a thriving downtown Newark location. The address is 540 Broad Street, Newark, NJ 07102. The property is easily accessible via major transportation networks. This listing presents a rare chance to secure premium office space in a highly sought-after area.

    Property Features for 540 Broad St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    125,000 SF
    Class
    A

    Unit(s) available at that property

    Space
    Available space 1
    Size
    2,733 SF
    Space
    Available space 2
    Size
    4,500 SF

    HighLights

    • 45,000+ SF of retail space.
    • 265 residential units.
    • 80,000 SF of Class A office space.
    • Located in Newark, NJ, one of the nation's most populous cities, with nearly 300,000 residents.
    • ~8 miles from Lower Manhattan, with easy access to train service and a <20‑minute commute to Penn Station.
    • Downtown area boasts over 14.5M SF of office space, home to major corporations including Prudential, PSE&G, Audible, Panasonic, and IDT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walker House Home 😍💖 Apartment Complex Sefia Tutors Tutoring Service Body Kulture Wholesaler Fox Construction Civil Engineer Farrell Brothers Pest ... Pest Control Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1688374
    Latitude
    40.7431133

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    FAQs

    What type of property is this?
    Individual retail property - A-Class Office Suites in Downtown Newark
    Where is this individual retail property located?
    The property is located at 540 Broad St Newark, NJ.
    What are key features of this property?
    This property features: 45,000+ SF of retail space.; 265 residential units.; 80,000 SF of Class A office space.
    Request Owner's contact information
    540 Broad St Newark, NJ 07102
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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
    540 Broad St Newark, NJ 07102
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