8 N Broadway - Medical FOR SALE


Pitman, NJ 08071
$1,200,000 USD
856-424-4040
8 N Broadway, Pitman, NJ for Sale
$1,200,000 USD
Medical - FOR SALE
1/12
null | 6.5% Cap Rate

8 N Broadway
Pitman, NJ 08071


HIGHLIGHTS

  • Mixed Use Medical/Dental, Other, Professional Service

OVERVIEW

An exceptional business opportunity in the heart of Pitman’s vibrant business district just off N. Broadway and E. Holly! This fully renovated historic stucco building offers unmatched visibility and functionality across approximately 9,000 SF. Meticulously updated throughout, the building accommodates three tenants and provides modern systems alongside historic charm. The first floor, remodeled in 2024, supports a long-standing medical-related tenant and features multiple entrances, a spacious waiting area, various offices/treatment rooms, and mobility-friendly enhancements. The second floor includes impressive conference and meeting spaces, offices, a built-in bar, dining/game room, and sitting areas—recently upgraded with a new A/C system. The third floor offers additional office areas, reception, a full kitchen, full bathroom, and an open space ideal for meetings or collaborative work, supported by a newer HVAC system. On-site parking for approximately 20 vehicles ensures convenience for tenants and visitors. Major system updates include new and recently serviced A/C units, an updated hot water heater, and a maintained basement for utilities and storage. Active leases include scheduled increases over the next five years, offering strong and predictable income potential. For rent roll details and expense lists, reach out directly to the listing agent.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C1

APN/PARCEL ID

15-00200-0000-00022

ASK ABOUT THIS PROPERTY

Patricia FiumeRE/MAX of Cherry HillMore Info
856-424-4040

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Patricia FiumeRE/MAX of Cherry HillMore Info
856-424-4040

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