875 Bloomfield AveWest Caldwell, NJ 07006

Property Details for 875 Bloomfield Ave

Year built

1971

Construction

CONCRETE BLOCKS

Lot size

17.90 AC

Zone code

B-2

Property type

Retail properties

Property subtype

Super regional malls

APN

21 01504-0000-00001

APU

2101504000000001

Description

This exceptional retail opportunity is located at 875 Bloomfield Avenue in West Caldwell, New Jersey, within the vibrant Essex Mall. The property offers a total of 189,773 square feet of retail and restaurant space, currently featuring multiple tenants. Four spaces are immediately available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 3,200 square feet. A total of 7,500 square feet is currently vacant and ready for immediate occupancy. The property boasts ample parking with 977 spaces available for customers and employees. Situated in Essex County, this prime location in West Caldwell (zip code 07006) offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's convenient location and substantial parking make it an attractive option for businesses seeking high foot traffic and easy access for customers. This is a fantastic opportunity to establish or expand your business in a thriving commercial center. Contact us today to learn more about leasing options and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $189,500,144

  6.5%

  $174,923,216

  7%

  $162,428,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $256,734,416

  Geo Method

  $256,734,416

• Alternative Use

  Use

  Valuation

  Residential

  $147,554,272

  Hospitality

  $135,158,928

  Educational

  $112,450,640

  Medical

  $116,317,992

  Retail

  $174,923,216

Location Insight

City

West Caldwell

County

Essex

State

New Jersey

Latitude

40.8532

Longitude

-74.3005

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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