687-693 Bloomfield AveWest Caldwell, NJ 07006

Property Details for 687-693 Bloomfield Ave

Year built

1969

Lot size

0.24 AC

Property size (Sq ft)

3,000 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

Exceptional investment opportunity: a fully leased, 3,000 square foot shopping center in West Caldwell, New Jersey, situated on a high-traffic section of Bloomfield Avenue. This single-story, 1969-built property boasts a strong 6.18% cap rate and a substantial net operating income (NOI) of $102,000. The property features three tenants: a dog training academy, a bubble tea and dessert cafe, and a nail salon, ensuring consistent cash flow. The 0.24-acre lot provides ample parking with 15 spaces located behind the building. The building offers flexibility for future tenants; the space at 687-689 Bloomfield Avenue could be subdivided into two units, or the space at 691-693 Bloomfield Avenue could be combined. Utilities are separately metered for the nail salon, while the remaining units share and split costs. The property's convenient location near Caldwell University and Essex County Community College guarantees high visibility and foot traffic. This well-maintained commercial property is zoned for commercial use and presents a compelling investment prospect with built-in rent bumps. The asking price is $1,650,000, translating to $550 per square foot. This is a rare opportunity to acquire a stable, income-producing asset in a desirable location.

Location Insight

City

West Caldwell

County

Essex

State

New Jersey

Latitude

40.8489

Longitude

-74.2912

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].