Property summary
This exceptional commercial property, located at 32 Spruce Street in Oakland, New Jersey, presents a compelling investment opportunity. Priced at $16 million, this office building offers significant potential for growth and return. While the square footage is currently unavailable, the property's strategic location in Oakland ensures high visibility and accessibility. The absence of acreage indicates a compact, potentially highly efficient building design, ideal for a variety of business uses. The property's address suggests proximity to local amenities and transportation networks, making it an attractive option for both employees and clients. Further due diligence is recommended to ascertain the precise square footage and internal layout of the building. This could include a detailed property inspection to assess the building's condition, systems, and potential for renovation or expansion. The lack of additional descriptive information underscores the need for a thorough investigation to fully understand the property's capabilities and potential. Given the price point, this property is likely to appeal to sophisticated investors seeking a strong foothold in the New Jersey commercial real estate market. Interested parties are encouraged to conduct their own independent research and due diligence to confirm all aspects of the property before making an offer. This is a unique opportunity to acquire a well-situated commercial building in a thriving New Jersey community.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop (Bike/Boat/Book/etc) Store
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Telecommunications Service General Contractor
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Factory Production Facility
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Alternative use
- Local Zoning Insight