36 South St - Bank FOR SALE


New Providence, NJ 07974
$4,533,000 USD
908-400-6357
36 South St, New Providence, NJ for Sale
$4,533,000 USD
Bank - FOR SALE
1/15
null | Request Cap Rate

36 South St
New Providence, NJ 07974


HIGHLIGHTS

  • Downtown New Providence location
  • Property backs to New Providence's main shopping center
  • 36 Parking Space
  • 1000 Amp Electrical Service

OVERVIEW

36 South Street, New Providence, NJ — For Sale A fully leased, income-producing investment in the heart of downtown New Providence Proventus Properties is pleased to present the opportunity to acquire 36 South Street, an 8,263-square-foot, two-story building positioned in the epicenter of downtown New Providence's Central Commercial District. The property is 100% leased, offering an investor immediate, diversified cash flow anchored by a national food hall concept, a two-decade-old local architecture firm, and a rooftop wireless license with Verizon. A Downtown Location 36 South Street sits directly on South Street, steps from the Village Shopping Center — home to ACME, Starbucks, Orangetheory Fitness, Pure Barre, CVS, Jersey Mike's, and CHOPT — and within easy walking distance of Barth's Market, Riccardi, and the retail banks lining downtown New Providence. With a Walk Score of 83 ("Very Walkable") and 36 on-site parking spaces, the property offers a rare combination for this submarket: true walkability paired with dedicated, ample parking. The trade area itself is affluent and deep. Median household income within three miles runs close to $200,000, and the daytime population within five miles tops 218,000 — a customer and tenant base that has kept this corner of Union County in consistent demand. Diversified, In-Place Income Wonder occupies the entire 4,064-square-foot ground floor under a long-term NNN lease running through March 2034. Longo Architects & Associates, an established New Jersey design firm, has operated from the 4,199-square-foot second floor for more than 20 years — a track record of stability uncommon in most office leases. Verizon maintains a rooftop equipment license generating ancillary income, with equipment recently upgraded in 2025, reinforcing its long-term commitment to the site. The Opportunity For an investor seeking a stabilized, multi-tenant asset in one of Union County's most established downtowns, 36 South Street offers in-place income, staggered lease rollover risk, and a location that continues to draw national retailers and loyal local businesses alike.

FOR SALE DETAILS

PRICE

$4,533,000 USD

PRICE/SF

$606 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

CCD

APN/PARCEL ID

11-00150-0000-00011

ASK ABOUT THIS PROPERTY

Jason ForsterProventus PropertiesMore Info
908-400-6357

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jason ForsterProventus PropertiesMore Info
908-400-6357

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.