188-190 Broadway
Long Branch, NJ 07740

Marcus & Millichap is pleased to exclusively represent ownership in the sale of 188 190 Broadway. A 7,500 (+/-) square foot, mixed-use building consisting of three retail units and four office units in the heart of downtown Long Branch, Monmouth County, New Jersey. The property is located just four buildings away from the Broadway Arts Redevelopment Zone which consists of 590 multi-family units, 97,000 square feet of retail, 18,000 square feet for a grocery store or food hall, and two parking decks. In addition, the town of Long Branch current has seven development projects underway adding a total of 619 residential units, 76-room hotel, 45,000 square feet of retail, and approved plans to redevelopment the Long Branch Pier with ferry service to Manhattan. A savvy investor will see the opportunity to maximize the property's value through the lease up of the one vacant office unit, appreciation due to the surrounding Broadway Arts Redevelopment, tax breaks associated with owning a property in an Urban Enterprise Zone (UEZ) and the Payment in Lue of Taxes (PILOT) program.