Listing Agency: Liberty Reality

Listed By: Michael Klein · License #NJ 0232671 Show Phone

Source: Crexi

Added: Apr 12 Changed: Sep 1 Last Checked: Aug 31 at 9:46PM

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Investment Insights

Based on property information with market context.

This professional office building contains two separate office suites, providing a combination of existing tenancy and available space. One suite is leased, while the other is vacant. Each office includes its own bathroom, and additional storage is located at ground level.

The property is positioned in Newark’s Northward District Commercial/Business Zone at 166 Bloomfield Ave. Restaurants, commercial services, and public transportation are nearby, including NJ/NY Transit bus stops. The configuration supports continued office use with distinct suites and supplemental storage within the building.

Key Highlights

• Two separate professional office suites
• One suite leased and one suite currently vacant
• Private bathroom serving each office

Property Analytics

Property Profile

Current Use

Federico Velez Law ... Law Firm Mark Goldman Law ... Law Firm

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Acupuncture Law Firm Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Office units

Location Intelligence

Trade Area within ½ mile

1,750

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Professional property with one leased suite, one vacant suite, private bathrooms, and ground-level storage.

Where is this office building located?

The property is located at 166 Bloomfield Ave Newark, NJ.

What are key features of this property?

This property features: Two separate professional office suites; One suite leased and one suite currently vacant; Private bathroom serving each office