399 Hoover AveBloomfield, NJ 07003
- Office properties
- 9,669 SF
Property Details for 399 Hoover Ave
- Year built
- 1931
- Lot size
- 0.68 AC
- Property size (Sq ft)
- 9,669 SF
- Zone code
- R-G
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 02 00695-0000-00016
- APU
- 200695000000016
Description
This exceptional office space, located at 399 Hoover Avenue in Bloomfield, New Jersey, presents a fantastic opportunity for businesses seeking a convenient and cost-effective workspace. Priced at $3500, this property offers a practical solution for companies of various sizes. While the exact square footage is not currently specified, the property's location in Bloomfield provides easy access to major transportation routes, ensuring seamless commutes for employees and clients alike. The address is situated within a well-established commercial area, offering proximity to a variety of amenities, including restaurants, retail establishments, and other essential services. This makes it an ideal location for businesses seeking a vibrant and accessible environment. The property is situated on a lot with no acreage specified, but its location within Bloomfield suggests ample parking options may be available nearby. This listing is perfect for businesses looking for a functional and well-situated office space without the burden of extensive square footage or land ownership. Interested parties are encouraged to inquire for further details and to schedule a viewing to assess the suitability of this property for their specific needs. The asking price represents a compelling value proposition for businesses seeking a strategic location in a thriving New Jersey community. Don't miss this chance to secure a prime office space in Bloomfield.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,598,574
- 6.5%
- $1,475,607
- 7%
- $1,370,207
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,263,352
- Geo Method
- $1,263,352
-
Alternative Use
- Use
- Valuation
- Residential
- $1,829,753
- Hospitality
- $1,676,044
- Educational
- $1,394,449
- Medical
- $1,442,406
- Retail
- $2,169,143
Location Insight
- City
- Bloomfield
- County
- Essex
- State
- New Jersey
- Latitude
- 40.8101
- Longitude
- -74.192
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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