1260 Broad St Bloomfield, NJ 07003
- Office Properties & Spaces
- 9,000 SF
Current Use by Public Records
- GSI Recovery LLC / Debt Collection Agency
- Provident Investment Services / Financial Consultant
- Provident Bank / Bank
Property Details for 1260 Broad St
- Property size
- 9,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
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.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1808
- Latitude
- 40.8336
