556-558 Bloomfield AveBloomfield, NJ 07003

  • Other commercial real estate
  • 0.16 AC
For Sale
$1,950,000 View listing

Property Details for 556-558 Bloomfield Ave

Year built
1890
Lot size
0.16 AC
Zone code
BCR2
Property type
Other commercial real estate
APN
02 00153-0000-00027
APU
200153000000027

Description

This exceptional commercial property, located at 556-558 Bloomfield Avenue in Bloomfield, New Jersey, presents a unique investment opportunity. The property is priced at $1,950,000 and offers significant potential for a variety of commercial uses. While the exact square footage is not currently specified, the property's prominent location on Bloomfield Avenue ensures high visibility and accessibility. Situated on a lot with zero acres, the property's size is ideal for a range of businesses seeking a well-positioned commercial space in a thriving community. The property's classification as "Other" suggests flexibility in its potential use, making it an attractive option for entrepreneurs and investors alike. Bloomfield's vibrant business environment and strong local economy provide a solid foundation for a successful commercial venture. The property's address on Bloomfield Avenue places it within easy reach of a diverse customer base and offers excellent connectivity to major transportation routes. This presents a rare chance to acquire a strategically located commercial property in a desirable New Jersey market. Further due diligence is encouraged to fully assess the property's potential and suitability for specific business plans. Interested parties are urged to act quickly on this promising investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,277,742
    Hospitality
    $1,170,405
    Educational
    $973,763
    Medical
    $1,007,253
    Retail
    $1,514,743
556-558 Bloomfield Ave, Bloomfield, New Jersey

Location Insight

City
Bloomfield
County
Essex
State
New Jersey
Latitude
40.7926
Longitude
-74.1976
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$18,847
$236,300
$319,500
$555,800
-
$236,300
$319,500
$555,800

FAQs

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