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265 Broad St 12,000 SF 94% Leased Office Building Bloomfield, NJ 07003 $2,330,343 CAD ($194.20 CAD/SF)
Investment Highlights
- Roughly 5,000 SF can be delivered vacant.
- 35 on-site parking spaces and an operable elevator.
- Zoning allows for the development of residential apartments.
Executive Summary
265 Broad Street presents an exceptional opportunity to acquire a cash-flowing commercial property in the thriving township of Bloomfield, New Jersey. Strategically
located on a bustling main street, this asset offers both immediate returns and significant upside potential for savvy investors. There is also the opportunity for an owner user to occupy roughly 5,000 SF at the time of the sale.
The property comprises a 12,000-square-foot building situated on a 21,334-square-foot lot, providing ample space for a variety of business operations. Constructed in
the 1990s, the building boasts a meticulously maintained brick exterior, exuding timeless appeal while reducing maintenance costs. The property’s design and
infrastructure meet modern accessibility standards, featuring a fully operational elevator, which broadens its usability for tenants and visitors
alike.
One of the standout attributes is the large parking lot with 35 spaces, offering a rare convenience that enhances tenant and customer satisfaction. The property’s prime
main street location ensures high visibility, easy access, and strong foot and vehicular traffic—key factors in attracting and retaining tenants and customers.
located on a bustling main street, this asset offers both immediate returns and significant upside potential for savvy investors. There is also the opportunity for an owner user to occupy roughly 5,000 SF at the time of the sale.
The property comprises a 12,000-square-foot building situated on a 21,334-square-foot lot, providing ample space for a variety of business operations. Constructed in
the 1990s, the building boasts a meticulously maintained brick exterior, exuding timeless appeal while reducing maintenance costs. The property’s design and
infrastructure meet modern accessibility standards, featuring a fully operational elevator, which broadens its usability for tenants and visitors
alike.
One of the standout attributes is the large parking lot with 35 spaces, offering a rare convenience that enhances tenant and customer satisfaction. The property’s prime
main street location ensures high visibility, easy access, and strong foot and vehicular traffic—key factors in attracting and retaining tenants and customers.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Building Size
12,000 SF
Building Class
C
Year Built
1990
Price
$2,330,343 CAD
Price Per SF
$194.20 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,000 SF
Building FAR
0.56
Lot Size
0.49 AC
Zoning
POR - Zoning allows for the conversion of any floor above the base floor to be converted into residential apartments and for all professional office uses.
Parking
35 Spaces (2.92 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Storage Space
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 02-00514-0000-00003 | Improvements Assessment | $1,620,411 CAD |
| Land Assessment | $788,204 CAD | Total Assessment | $2,408,615 CAD |
Property Taxes
Parcel Number
02-00514-0000-00003
Land Assessment
$788,204 CAD
Improvements Assessment
$1,620,411 CAD
Total Assessment
$2,408,615 CAD
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265 Broad St
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