253 Washington AveBergenfield, NJ 07621

Property Details for 253 Washington Ave

Year built

1956

Construction

BRICK

Lot size

0.22 AC

Property type

Commercial real estate

APN

03 00252-0000-00013

APU

300252000000013

Description

This exceptional office space, located at 253 S Washington Avenue in Bergenfield, New Jersey, presents a fantastic opportunity for businesses seeking a convenient and cost-effective workspace. The property is listed at a highly competitive monthly rental rate of $1200. While the exact square footage is not currently specified, the property offers a functional and efficient layout ideal for a variety of professional uses. Its location on South Washington Avenue provides excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in Bergenfield. The property is situated on a lot with no acreage specified, offering convenient parking and easy access to major transportation routes. This makes commuting for employees and clients simple and straightforward. The building itself is well-maintained and offers a professional atmosphere, perfect for establishing a strong business image. This is an excellent opportunity to secure a well-located, affordable office space in a thriving Bergenfield community. Interested parties are encouraged to inquire promptly to schedule a viewing and explore the potential of this property. The absence of specified square footage presents an opportunity for flexible space utilization, adaptable to various business needs. This makes it an ideal choice for businesses of all sizes seeking a cost-effective and strategically located office space in Bergenfield, NJ.

• CAP approach

  CAP return

  Valuation

  6%

  $1,817,710

  6.5%

  $1,677,890

  7%

  $1,558,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,267,530

  Geo Method

  $1,267,530

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,303,380

  Retail / Commercial

  $1,693,960

  Mixed-Use / Specialty

  $1,687,920

  Hospitality / Lodging

  $1,238,370

  Office

  $1,677,890

  Institutional / Educational

  $1,754,750

  Residential Income

  $2,053,060

  Multifamily

  $2,462,330

  Automotive / Energy

  $1,504,070

  Parking / Income-Based Land

  $519,038

  Restaurant / Food Service

  $877,899

  Healthcare / Senior Housing

  $1,730,930

Location Insight

City

Bergenfield

County

Bergen

State

New Jersey

Latitude

40.9192

Longitude

-73.9967

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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