1260 Broad St Bloomfield, NJ 07003

This exceptional 9,000 square foot owner-user opportunity presents a unique redevelopment project in Bloomfield, New Jersey. Located on a highly visible hard corner lot at 1260 Broad Street, this property boasts excellent street frontage and accessibility. The previous tenant was a bank with over $110 million in deposits (as of 2023, per FDIC data), suggesting strong potential for a similar financial institution or a related business. The property is situated in a densely populated area, with over 206,607 people and 80,066 households within a three-mile radius. Furthermore, the surrounding neighborhood is affluent, exhibiting an average household income exceeding $199,000 within a one-mile radius. Bloomfield itself is a vibrant community, known for its thriving retail, dining, and entertainment options, and is home to Bloomfield College. This presents a compelling investment opportunity with strong real estate fundamentals, ideal for long-term growth. The asking price is $3,500,000, translating to $388.89 per square foot. The property is currently 100% occupied. This prime location offers easy access to major highways and is a hub of economic activity. The property is classified as a creative and executive office space, suitable for a variety of uses.