456 Joralemon StBelleville, NJ 07109

Property Details for 456 Joralemon St

Year built

1957

Construction

BRICK

Lot size

0.17 AC

Property size (Sq ft)

1,877 SF

Property type

Commercial real estate

APN

01 04801-0000-00040

APU

104801000000040

Description

This unique commercial property located at 456 Joralemon Street in Belleville, New Jersey, presents a compelling opportunity for a variety of businesses. Currently listed at a monthly rental rate of $3500, the property offers significant potential for a range of uses, given its "Other" property type classification. While the precise square footage is not currently specified, the property's location in Belleville offers excellent access to transportation routes and local amenities, making it an attractive option for businesses seeking a convenient and accessible location. The property sits on a lot with zero acres, suggesting a compact footprint ideal for smaller businesses or those prioritizing efficient space utilization. Further details regarding the property's internal layout, features, and zoning are available upon request. Interested parties are encouraged to schedule a viewing to assess the suitability of this property for their specific business needs. This is a rare opportunity to secure a commercial space in a desirable Belleville location at an attractive price point. The lack of specified square footage allows for flexibility in potential uses and tenant improvements. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $351,701

  6.5%

  $324,647

  7%

  $301,458

• Comparable approach

  Method

  Valuation

  Relative Method

  $245,249

  Geo Method

  $245,249

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $639,155

  Retail / Commercial

  $327,755

  Mixed-Use / Specialty

  $326,587

  Hospitality / Lodging

  $239,606

  Office

  $324,647

  Institutional / Educational

  $339,519

  Residential Income

  $397,237

  Multifamily

  $476,425

  Automotive / Energy

  $291,016

  Parking / Income-Based Land

  $100,426

  Restaurant / Food Service

  $169,860

  Healthcare / Senior Housing

  $334,909

Location Insight

City

Belleville

County

Essex

State

New Jersey

Latitude

40.7991

Longitude

-74.1626

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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