450 Bloomfield AveVerona, NJ 07044

  • Other commercial real estate
  • 10,464 SF
For Sale
$2,500 View listing

Property Details for 450 Bloomfield Ave

Year built
1988
Lot size
0.18 AC
Property size (Sq ft)
10,464 SF
Property type
Other commercial real estate
APN
20 00701-0000-00002
APU
2000701000000002

Description

This exceptional 1029-square-foot office space, located at 450 Bloomfield Avenue, Unit 203, Verona, NJ, presents a fantastic opportunity for businesses seeking a thriving location. Situated in an eight-unit building brimming with successful enterprises, this second-floor unit boasts a spacious layout encompassing three distinct sections, a large kitchen, and a private bathroom. The property is conveniently located across the street from Verona Park, offering employees and clients a tranquil green space. Ample parking is available with 25 co-shared spaces in a private lot directly across from the building. This Class B office space is part of a vibrant, up-and-coming area experiencing significant growth and the influx of new businesses. The asking price is $2500. The 0.17-acre lot provides convenient access and visibility. All permitted uses are subject to the Township of Verona's business application approval process. A significant advantage is the absence of common area maintenance (CAM) charges. Furthermore, snow removal is handled by the landlord, eliminating a significant operational concern. Finally, any future tax increases on the building will be shared proportionally among the eight units. A floor plan is available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,980,198
    Hospitality
    $1,813,851
    Educational
    $1,509,103
    Medical
    $1,561,003
    Retail
    $2,347,493
450 Bloomfield Ave, Verona, New Jersey

Location Insight

City
Verona
County
Essex
State
New Jersey
Latitude
40.83
Longitude
-74.242
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
$27,398
$338,900
$576,500
$915,400
-
$338,900
$576,500
$915,400

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