284 Springfield AveBerkeley Heights, NJ 07922

  • Other commercial real estate
  • 8,470 SF
For Sale
$1,800,000 View listing

Property Details for 284 Springfield Ave

Year built
1950
Construction
CONCRETE BLOCKS
Lot size
1.57 AC
Property size (Sq ft)
8,470 SF
Zone code
HB-2
Property type
Other commercial real estate
APN
01 00801-0000-00026
APU
100801000000026

Description

This exceptional 8,500 square foot freestanding retail building is located at 284 Springfield Avenue in the heart of downtown Berkeley Heights, Union County, New Jersey (zip code 07922). Currently configured as a party store with equipment sales and rental, including a dedicated service and repair area, this property offers significant versatility and potential for a wide range of businesses. The building features ample outside equipment and truck parking, with potential for expansion. The existing layout is well-suited for various uses, including but not limited to: garden centers, plumbing or electrical supply businesses, general contracting firms, medical or professional service providers, or even a childcare facility. Its central downtown location provides excellent visibility and accessibility, making it an ideal opportunity for a business seeking a high-traffic area with strong community presence. The single-tenant occupancy allows for complete control and customization of the space. This property presents a unique blend of existing infrastructure and adaptable space, making it a compelling investment opportunity in a thriving New Jersey community. The property's size and location make it a highly desirable asset for a variety of commercial ventures. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,602,855
    Hospitality
    $1,468,207
    Educational
    $1,221,531
    Medical
    $1,263,541
    Retail
    $1,900,159
284 Springfield Ave, Berkeley Heights, New Jersey

Location Insight

City
Berkeley Heights
County
Union
State
New Jersey
Latitude
40.6884
Longitude
-74.4343
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
$29,456
$442,800
$258,700
$701,500
-
$442,800
$258,700
$701,500

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