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    350 Bloomfield Ave Bloomfield, NJ 07003

    Sponsored
    For Sale
    $459,000

    Prime Bloomfield location, 1690 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,690 square foot medical office condo, located at 350 Bloomfield Avenue #5 in Bloomfield, New Jersey, presents a fantastic investment opportunity. Built in 1989, this two-story building boasts excellent visibility and convenient access. The property includes a reception area, a large waiting room, three exam rooms (with the potential to add two more), and two doctors' offices – one with a full bathroom and shower. There are also two additional bathrooms. The doctors' offices could potentially be converted into additional exam rooms, offering flexibility for future expansion. Ample parking is available with 35 spots, eight of which are designated for physicians. The building also features an elevator for convenient access to both floors. This property benefits from its proximity to public transportation, with a nearby NJ Transit bus stop, and its convenient location minutes from the Garden State Parkway (GSP). Its strategic location also places it close to major medical facilities, including Mountainside Hospital and Clara Maass Hospital, as well as hospitals in the Newark area. Any office use is permitted. The HOA fee is $500 per month. The seller is highly motivated, making this an attractive opportunity for a quick sale. The asking price is $459,000.

    Property Features for 350 Bloomfield Ave

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1989
    Stories
    2

    HighLights

    • $459,000 asking price.
    • 1,690 SF, two‑story medical office condo in Bloomfield, NJ.
    • Located at 350 Bloomfield Avenue #5, Bloomfield, NJ 07003.
    • Built in 1989.
    • Features reception area, waiting room, three exam rooms (potential for two more), two doctor's offices (one with bath), and two additional bathrooms.
    • 35 parking spaces (8 for physicians only); elevator; HOA fees $500/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Nehaben Shah Internist Suja K. Jose, ... Physical Therapist Quality Health Care, ... Home Health Care Service Pranay Bhatt, MD Internist Anitaben Kanani General Practitioner

    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
    -74.1941594
    Latitude
    40.7865128

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Bloomfield location, 1690 sq ft.
    Where is this office property / space located?
    The property is located at 350 Bloomfield Ave Bloomfield, NJ.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: $459,000 asking price.; 1,690 SF, two-story medical office condo in Bloomfield, NJ.; Located at 350 Bloomfield Avenue #5, Bloomfield, NJ 07003.
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    350 Bloomfield Ave 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
    350 Bloomfield Ave Bloomfield, NJ 07003
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