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    39 Prospect St Bloomfield, NJ 07003

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    For Sale
    $659,999

    Mixed-use property with residential and commercial units near transportation.

    Lot size:
    0.04 Acres

    Property Features for 39 Prospect St

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1921

    Source: WORLD CLASS REALTY GROUP Agent MARCEL MOYANO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bloomfield Mixed-Use Investment Opportunity

    This well-maintained mixed-use property in Bloomfield, NJ, presents an investment opportunity. It features three residential units and one commercial unit. The residential component includes one 2-bedroom, 1-bathroom unit and two 1-bedroom, 1-bathroom units. The commercial space is currently occupied by a beauty salon. Additionally, the property includes a finished basement equipped with a kitchenette and a full bathroom. The property is conveniently located near public transportation, schools, and places of worship, offering accessibility and convenience for tenants and customers.
    Insight Report Location Intelligence

    Current Use by Public Records

    New Beginnings Hair ... Beauty Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2043008
    Latitude
    40.7842509

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential and commercial units near transportation.
    Where is this mixed-use property located?
    The property is located at 39 Prospect St Bloomfield, NJ.
    What is the asking price?
    The asking price for this property is $659,999.
    What are key features of this property?
    This property features: - Mixed-use property featuring 3 residential units and a commercial unit currently operating as a Beauty Salon.; - Income-generating investment opportunity.; - Three residential units: one 2-bed, 1-bath and two 1-bed, 1-bath units.
    (908) 364-4000
    Request Owner's contact information
    39 Prospect St Bloomfield, NJ 07003
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    Bloomfield, NJ 07003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    39 Prospect St Bloomfield, NJ 07003
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