375 Broad St Bloomfield, NJ 07003-4446
- Office buildings
- 0.06 lot acres
Current Use by Public Records
- NCJAR - Bloomfield / Real Estate Agency / Association / Organization
Property Details for 375 Broad St
- Year built
- 1948
- Lot size
- 0.06 lot acres
- Zone code
- B-2
- Property type
- Office buildings
- APN
- 02 00575-0000-00008
- APU
- 200575000000008
Description
This exceptional mixed-use property, located at 375 Broad Street in Bloomfield, New Jersey, presents a unique investment opportunity. The building, constructed in 1948, offers 2,400 square feet of space across two stories, situated on a 2,818 square foot lot. Currently vacant, this single-unit building allows for immediate occupancy and customization to suit a variety of business needs. The property is zoned B2, providing flexibility for a range of commercial uses, including office and retail spaces. The asking price is $750,000, translating to $312.50 per square foot. Its prime location in the heart of Bloomfield offers easy access to a thriving community with numerous restaurants and shops, ensuring high visibility and foot traffic. This free-standing building represents a rare chance to own a versatile commercial property in a desirable New Jersey town. The property's size and zoning make it ideal for a variety of business ventures, from a single large tenant to multiple smaller businesses. This is an excellent opportunity for investors seeking a strong return or entrepreneurs looking to establish a presence in a vibrant and growing community. The address is 375 Broad Street, Bloomfield, NJ 07003.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $415,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $280,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $235,000
- Mixed-Use
- $250,000
- Hospitality
- $250,000
- Educational
- $265,000
- Residential Income
- $260,000
- Energy
- $295,000
- Income-Based Land
- $300,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1925
- Latitude
- 40.8064
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA