600 Bloomfield Ave - Storefront Retail/Office FOR SALE


Bloomfield, NJ 07003
$4,084,000 USD
201-215-1801
600 Bloomfield Ave, Bloomfield, NJ for Sale
$4,084,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 6.27% Cap Rate

600 Bloomfield Ave
Bloomfield, NJ 07003


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Hedge Against Inflation
  • Investment Grade Credit
  • Strategic Location
  • Transit Oriented Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 600 Bloomfield Avenue in Bloomfield, New Jersey (“the Property”). The investment property is comprised of a two-story mixed-use building with commercial space on the first floor and residential units on the second floor. The Property has five (5) total units comprised of one (1) commercial unit leased to Dollar General, and four (4) residential units with 14,578 square feet of leasable space on a 0.27-acre parcel of land. The Property is strategically located along Bloomfield Avenue, the area’s primary commercial and commuter corridor. The Property is seconds from the signalized intersection of Bloomfield and Glenwood Avenues and Washington and Broad Streets. Located in the heart of a densely populated neighborhood, 600 Bloomfield Avenue enjoys close proximity to area shopping and dining and is close to several Train Stations with direct service to Manhattan’s Penn Station, and is 5-miles from Newark’s Penn Station. The Property also offers convenient access to the Garden State Parkway, NJ Route 21, and Interstate 280 as well as area schools, national retailers and restaurants, and the Mountainside and Clara Maass Medical Centers. Bloomfield is a residential suburb of New York City, located in Essex County. The community is 15-miles west of New York City.

FOR SALE DETAILS

PRICE

$4,084,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

6.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Mixed-Use Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

C

APN/PARCEL ID

02-00227-0000-00022

ASK ABOUT THIS PROPERTY

Michael LombardiHorvath & TremblayMore Info
201-215-1801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Michael LombardiHorvath & TremblayMore Info
201-215-1801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.