557 Bloomfield Ave Montclair, NJ 07042
- Commercial real estate
- 6,030 SF
- 0.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 557 Bloomfield Ave
- Year built
- 2000
- Construction
- BRICK
- Lot size
- 0.09 lot acres
- Property size
- 6,030 SF
- Zone code
- C1
- Property type
- Commercial real estate
- APN
- 13 02211-0000-00010
- APU
- 1302211000000010
Description
This exceptional 2nd-floor office space, located at 557 Bloomfield Avenue, Unit 201 in Montclair, New Jersey, presents a fantastic opportunity for a professional business. Boasting four generously sized rooms, this suite is perfect for a variety of office configurations. A private bathroom adds to the convenience and privacy. The space is bathed in natural sunlight, creating a bright and welcoming atmosphere. Recent upgrades include fresh paint throughout and brand new flooring, enhancing the overall aesthetic appeal. The efficient and newer HVAC system ensures year-round climate control, providing optimal comfort. Central air conditioning is also included. The property is classified as General Commercial and is offered at a monthly rental rate of $3050. Its prime location on Bloomfield Avenue in Montclair offers excellent visibility and accessibility. This is an ideal space for professionals seeking a well-maintained, modern, and conveniently located office environment. The property sits on a 0-acre lot. The square footage is not currently specified. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,620,000
- 6.5%
- $2,815,000
- 7%
- $2,415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,640,000
- Geo Method
- $2,240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,890,000
- Retail
- $2,915,000
- Mixed-Use
- $2,660,000
- Hospitality
- $2,850,000
- Educational
- $2,660,000
- Residential Income
- $2,665,000
- Energy
- $2,415,000
- Income-Based Land
- $2,850,000
- Food Service
- $2,890,000
Location Insight
- Map
- Local Demand
- City
- Montclair
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2195
- Latitude
- 40.8157
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
