995 Bloomfield Ave, West Caldwell, NJ 07006-7128
- Commercial real estate
- 2,560 SF
- 0.57 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 995 Bloomfield Ave
- Year built
- 1971
- Lot size
- 0.57 lot acres
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 21 01603-0000-00001
- APU
- 2101603000000001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 21, 2024 | $850,000 | 995 Bloomfield Ave LLC | Arc Wbwcanj001 LLC | Deed | $425k · Provident Bank |
| Dec 18, 2008 | $682,500 | Arc Wbwcanj001 LLC | Wachovia Bk NA | Grant Deed | $32M · Kbc Bank Nv |
| — | — | Arc Wbwcanj001 LLC | — | Deed Of Trust · related | $900k · Sussex Bank |
| — | — | Arc Wbwcanj001 LLC | — | Deed Of Trust · related | $900k · Dime Bk |
Description
This exceptional freestanding retail building, situated at a prime Bloomfield Avenue intersection in West Caldwell, presents a unique investment opportunity. Originally constructed in 1971 and extensively renovated in 2010, the 2,658 square foot single-tenant space boasts excellent visibility and accessibility. The property includes a convenient drive-thru, a significant advantage for various retail uses. Ample parking is provided with 20 spaces, catering to customer convenience. The 0.57-acre lot offers considerable space for outdoor activities or expansion. This location benefits from high traffic counts exceeding 24,000 vehicles daily on Bloomfield Avenue, placing it within West Caldwell's thriving retail corridor. The surrounding area boasts a substantial population exceeding 189,000 residents, with average household incomes surpassing $140,000, indicating strong consumer spending power. The property's proximity to major retailers further enhances its appeal and potential for success. Ideal for a variety of retail, food, or medical businesses seeking a high-traffic, high-visibility location. Annual property taxes are $9.26 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located retail property in a highly desirable market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $850,000
- ML approach
- $850,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $590,000
- 6.5%
- $545,000
- 7%
- $505,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,141,000
- AI Estimate
- $638,000
Market price range: $574k - $1.14MMarket price range: $232k - $638k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Caldwell
- County
- Essex
- State
- New Jersey
- Longitude
- -74.3033
- Latitude
- 40.8533
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
