8 N BROADWAYPITMAN, NJ 08071

Commercial · 9,500 Sq. ft. | 0.40 Acres
$1,200,000 ACTIVE

8 N BROADWAY Overview

Time on Site:
306 days
Visits:
72

Don't miss this exceptional Business Opportunity & Location, Location, Location! Seize this chance, ideal for the savvy investor. Situated in the vibrant heart of the Pitman business district, just off the corner of N. Broadway and E. Holly, this prime location offers unparalleled visibility. This historic building , fully renovated building with a refinished stucco exterior —recently repainted five years ago—spans approximately 9,000 square feet and currently accommodates three tenants. The first-floor tenant operates a medical-related business- 20 year + tenant( w/corporate name changes) , while the second-floor features conference and meeting rooms. The third floor includes a spacious area with a full bathroom, kitchen, and multiple offices.This tenant recently added additional empty offices on another floor to their rental/ increased monthly rent and space! The first floor, remodeled in 2024, is home to a long-standing tenant and includes various spaces, entrances, a large waiting area, large equipment & workout areas, and several offices/treatment rooms. It is equipped with mobility-friendly features, including assistive equipment (tenant equipment excluded). The second floor, remodeled three years ago, boasts a large conference/meeting room, a built-in bar, several offices, waiting areas, a sitting room, a dining room, a game room, two bathrooms, and a new A/C unit. The third floor, also remodeled three years ago, provides additional space with a large reception area, sitting area, multiple offices, a full bathroom, and a kitchen/break room, featuring a newer HVAC system and a large and spacious open area, perfect for a waiting room or conference meetings. Meticulously remodeled and maintained throughout, this property includes approximately 20 parking spaces, ensuring convenience for tenants and visitors alike. The basement is accessible for utilities and storage. The first-floor rear A/C unit is nearly brand new, while the front A/C unit has recently been serviced. The second-floor A/C units were replaced three years ago, and the third-floor A/C was updated seven to eight years ago. The hot water heater is almost brand new, with a capacity of 40 gallons. Leases are available upon request. New leases are signed, with increases built in over 5 years! Call for a list of expenses and the P & L ! This represents a remarkable investment opportunity! Contact the listing agent for additional information!

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8 N BROADWAY Facts & Features

  • Type Commercial
  • Sq. ft. 9,500
  • Price/Sq.ft. $126
  • Lot 0.40 Acres

Details

General

Income/Expenses

  • Income Includes: Professional Offices,Shop Rentals,Other
  • Operating Expense: 50.00
  • Trash Expense: 400.00

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1906

Business Information

  • Business Type: Banquet Facility/Lodge,Medical,Other/General Retail,Professional

Location/Region

  • Country: US
  • County: GLOUCESTER
  • County Or Parish: GLOUCESTER
  • MLS Area Major: Pitman Boro (20815)
  • Subdivision Name: NONE AVAILABLE

Parking Information

  • Total Parking Spaces: 20
  • Type of Parking: Off Site,Parking Lot,Other

Rent/Lease Information

  • Lease Considered: No

Tax Information

  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • Tax Annual Amount: $16,937.00
  • Tax Assessed Value: 484900.00
  • Tax Year: 2025

General Information

  • Exclusions: Tenants' personal possessions and equipment
  • Historic: Yes
  • Inclusions: Landlord/Owners refrigerator and oven
  • Municipal Trash: Yes
  • Property Condition: Excellent,Very Good,Good,Average
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • School District Name: PITMAN BORO PUBLIC SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: C-1

Unit Information

  • Other Units: Unit 1,Unit 2,Unit 3

Interior

Building Information

  • Building Winterized: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 9500.00
  • Central Air: Yes
  • Elevators Count: 0
  • Hot Water: Electric

General Information

  • Accessibility Features: 36+ wide Halls,Doors - Lever Handle(s),Grab Bars Mod,Other Bath Mod,Ramp - Main Level,Accessible Switches/Outlets
  • Cooling: Central A/C, Multi Units, Zoned
  • Door Features: ENERGY STAR Qualified Door(s),Insulated
  • Electric: 3 Phases, Circuit Breakers, Other
  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl Plank, Tile/Brick, Other
  • Foundation Details: Stone, Other
  • Internet Services: Cable
  • Security Features: Carbon Monoxide Detector(s),Electric Alarm,Exterior Cameras,Fire Detection System,Monitored,Smoke Detector
  • Stories Total: 3

Exterior

Building Information

  • Total Loading Docks: 0

Parking Information

  • Parking Features: Handicap Parking, Lighted Parking, Paved Parking, Private, Surface

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Features: Front Yard, Level, Open, Rear Yard, SideYard(s), Sloping, Adjoins - Public Land, Interior, No Thru Street
  • Lot Size Acres: 0.40
  • Lot Size Dimensions: 95.00 x 185.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 17576.00
  • Lot Size Units: Square Feet
  • Road Responsibility: Boro/Township
  • Road Surface Type: Black Top
  • Water Source: Public

Waterfront/View

  • View: City, Street
  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Combination, Frame, Glass, Mixed, Mixed Plumbing, Stick Built, Stone, Stucco, Brick, Copper Plumbing, CPVC/PVC
  • Fencing: No
  • Roof: Flat, Tar/Gravel, Other

General Information

  • Number Of Units Total: 1
  • Sewer: Public Sewer
  • Utilities: Above Ground,Cable TV Available,Electric Available,Multiple Phone Lines,Natural Gas Available,Phone Available,Sewer Available,Water Available
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Total Rent: 5375.75

Unit 2 Details

  • Unit Type: Unit 2
  • Total Rent: 2217.27

Unit 3 Details

  • Unit Type: Unit 3
  • Total Rent: 2400.00

8 N BROADWAY Neighborhood

Community

08071 (PITMAN) Demographics

43
Median Age
2,785
Population Density (per sq. mile)
46%
College Educated
$81,448
Estimated Median Income
2,609
Estimated Total Home Owners
1,075
Estimated Total Renters
71% / 29%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

8 N BROADWAY Monthly Cost

$
$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8 N BROADWAY Market Data

Based on the last 30 days in this zip code

$371,326
Average List Price
$210
Average Price per Square Foot
11
Properties Sold
86
Average Days on Market
26
Properties for Sale
Calculations provided by Reliance Network

8 N BROADWAY History

Date Event Value Agent
8/27/2025Source: BRIGHT MLS Added to Database
August 27, 2025
Listing provided courtesy of RE/MAX Of Cherry Hill- MLS# NJGL2061806MLS ProviderContact Information: [email protected] - 8564244040