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Vacant-User

$1 Auction - Former PNC Bank 21K VPD – Philadelphia MSA

22 N Broad St, Woodbury, NJ 08096

Listing Price: $50,000

Gross SF
8,089
Rentable SF
8,089
Price/Gross SF
$6.18
Lot Size
0.56 acres
Year Built
1971

Investment Overview

Register to Bid and Access Due Diligence Documents on Realinsight Marketplace

Marcus & Millichap and Ri Marketplace Are Pleased to Present a Vacant, Free-standing, Retail Building Located at 22 N. Broad Street  in Woodbury, New Jersey (the “property”). The Property is Offered Significantly Below Replacement Cost and Offers an Exceptional Owner/user or Investment Opportunity With Significant Value Enhancement Potential via Repositioning at a Significant Discount.

Built in 1971, the Property is Improved With a Two-story, Free-standing, Single Tenant Building Totaling ±8,089 Square Feet. The Property is Strategically Positioned on a ±0.566 Acres or ±24,638 Sf of Land With 22 Parking Spaces. The Property Was Formerly Occupied by Pnc Bank on a Triple Net Lease and Offers Potential Owner Users/investors the Ability to Acquire a Free-standing Retail Building With Significant Value Add Through Lease Up at Long Term Market Rates (Costar Estimated Rents of $17-20/sf). Zoned C1, Commercial, This Zoning Offers Favorable Flexible Zoning Allowing for a Variety of Commercial and Retail Uses via Adaptive Reuse or Repositioning. The is Easily Accessible via Two Points of Egress/ingress With Frontage Along the East Side of N. Broad Street (Sr-45) and the South Side of Newton Avenue. The Building is Positioned on a Hard Corner and Features Dedicated a Brick Exterior, Basement, 1 Elevator, Walk-in Vault, 3 Drive-thru Lanes for Customers.

The Property is Located Within the Philadelphia Msa in the Gloucester County, New Jersey’s Fastest-growing County, Just 20-min From Philadelphia. An Excellent Highway Network Surrounds the Property, and an Abundant Supply of Skilled Labor is Available in Nearby Communities. Located in the Heart of Woodbury, Nj, This Former Bank Branch’s Location Affords Easy Access to Philadelphia International Which Serves an Average of 30 Million Passengers Annually (±25 Minutes) and Atlantic City International (±50 Minutes) Airports. Further, the Property’s Location is Equidistant From the World’s Financial Center (New York City) and the U.s. Regulatory and Political Center (Washington, D.c.). The Building is Positioned on a Corner Parcel With Prime Frontage on Sr-45 (±21k Vpd) Just ±5 Minutes From I-295 (±77,500 Vpd) and Offers Easy Access to the Greater Pa Metro Area and Other Major Markets. The Property is Located Along a Primary Commercial Corridor With National Tenants Such as Cvs, Mcdonald’s, Aldi, Wawa, Chase, Pepboys, Dunkin’, Pizza Hut, Well Fargo, and Td Bank. This Former Bank is Also Located Across From the Gloucester County Courts and Offices and Woodbury Junior and High School; and is Just a ½ Mile Inspira Woodbury Hospital With ±305 Beds, ±1,800 Employees and a Medical Staff of ±400. The Property is Positioned in an Area That Serves ±66,864 People With a Median Household Income of $85,535 and an Ahhi of $108,631 Within a 3-mile Radius. Within the Expanded 5-mile Area There Are ±153,929 People With an Ahhi of $108,841.

Investment Highlights

  • STARTING BID $50,000 | 21K VPD – Philadelphia MSA | AUCTION FEBRUARY 20-22, 2024
  • Freestanding Former PNC Bank Available at a Significant Discount Below Replacement Cost
  • 21,877 VPD Traffic at Hard Corner with Excellent Visibility on SR-45 (N Broad Street)
  • Prime Corridor including Inspira Woodbury Hospital, the Courthouse, CVS, Aldi, McDonald's, Chase, Wells Fargo
  • Located 20 minutes from Downtown Philadelphia and the Port; Located 25 minutes from Philadelphia International Airport
  • Attractive Demographics with ±153,929 People and Annual Household Income of ±$108,841 within a 5-Mile Radius
  • Zoned C-1, Commercial with a Variety of Commercial and Retail Uses

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Vacant-User

$1 Auction - Former PNC Bank 21K VPD – Philadelphia MSA

Listing Price: $50,000

Gross SF
8,089
Rentable SF
8,089
Price/Gross SF
$6.18
Lot Size
0.56 acres
Year Built
1971

Investment Highlights

  • STARTING BID $50,000 | 21K VPD – Philadelphia MSA | AUCTION FEBRUARY 20-22, 2024
  • Freestanding Former PNC Bank Available at a Significant Discount Below Replacement Cost
  • 21,877 VPD Traffic at Hard Corner with Excellent Visibility on SR-45 (N Broad Street)
  • Prime Corridor including Inspira Woodbury Hospital, the Courthouse, CVS, Aldi, McDonald's, Chase, Wells Fargo
  • Located 20 minutes from Downtown Philadelphia and the Port; Located 25 minutes from Philadelphia International Airport
  • Attractive Demographics with ±153,929 People and Annual Household Income of ±$108,841 within a 5-Mile Radius
  • Zoned C-1, Commercial with a Variety of Commercial and Retail Uses

Investment Overview

Register to Bid and Access Due Diligence Documents on Realinsight Marketplace Marcus & Millichap and Ri Marketplace Are Pleased to Present a Vacant, Free-standing, Retail Building Located at 22 N. Broad Street  in Woodbury, New Jersey (the “property”). The Property is Offered Significantly Below Replacement Cost and Offers an Exceptional Owner/user or Investment Opportunity With Significant Value Enhancement Potential via Repositioning at a Significant Discount. Built in 1971, the Property is Improved With a Two-story, Free-standing, Single Tenant Building Totaling ±8,089 Square Feet. The Property is Strategically Positioned on a ±0.566 Acres or ±24,638 Sf of Land With 22 Parking Spaces. The Property Was Formerly Occupied by Pnc Bank on a Triple Net Lease and Offers Potential Owner Users/investors the Ability to Acquire a Free-standing Retail Building With Significant Value Add Through Lease Up at Long Term Market Rates (Costar Estimated Rents of $17-20/sf). Zoned C1, Commercial, This Zoning Offers Favorable Flexible Zoning Allowing for a Variety of Commercial and Retail Uses via Adaptive Reuse or Repositioning. The is Easily Accessible via Two Points of Egress/ingress With Frontage Along the East Side of N. Broad Street (Sr-45) and the South Side of Newton Avenue. The Building is Positioned on a Hard Corner and Features Dedicated a Brick Exterior, Basement, 1 Elevator, Walk-in Vault, 3 Drive-thru Lanes for Customers. The Property is Located Within the Philadelphia Msa in the Gloucester County, New Jersey’s Fastest-growing County, Just 20-min From Philadelphia. An Excellent Highway Network Surrounds the Property, and an Abundant Supply of Skilled Labor is Available in Nearby Communities. Located in the Heart of Woodbury, Nj, This Former Bank Branch’s Location Affords Easy Access to Philadelphia International Which Serves an Average of 30 Million Passengers Annually (±25 Minutes) and Atlantic City International (±50 Minutes) Airports. Further, the Property’s Location is Equidistant From the World’s Financial Center (New York City) and the U.s. Regulatory and Political Center (Washington, D.c.). The Building is Positioned on a Corner Parcel With Prime Frontage on Sr-45 (±21k Vpd) Just ±5 Minutes From I-295 (±77,500 Vpd) and Offers Easy Access to the Greater Pa Metro Area and Other Major Markets. The Property is Located Along a Primary Commercial Corridor With National Tenants Such as Cvs, Mcdonald’s, Aldi, Wawa, Chase, Pepboys, Dunkin’, Pizza Hut, Well Fargo, and Td Bank. This Former Bank is Also Located Across From the Gloucester County Courts and Offices and Woodbury Junior and High School; and is Just a ½ Mile Inspira Woodbury Hospital With ±305 Beds, ±1,800 Employees and a Medical Staff of ±400. The Property is Positioned in an Area That Serves ±66,864 People With a Median Household Income of $85,535 and an Ahhi of $108,631 Within a 3-mile Radius. Within the Expanded 5-mile Area There Are ±153,929 People With an Ahhi of $108,841.

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

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