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- LoopNet Team
25-29 Broad St
Bloomfield, NJ 07003
Joyce Leslie · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The subject property can be developed or converted with a variance to build apartments with retail.
- Easy access to the Garden State Parkway, Route 21, and Route 3
- Five minute walk from the Bloomfield Train Station which offers a direct 30 minute route to New York.
PROPERTY FACTS
AMENITIES
- Air Conditioning
ABOUT 25-29 BROAD ST , BLOOMFIELD, NJ 07003
Marcus & Millichap has been selected to exclusively market for sale 25-29 Broad Street, a 14,000 square foot retail building located between Bloomfield Avenue and Franklin Street. The current tenant, Joyce Leslie, has a triple net lease and generates a strong net operating income representing an 8.12% cap rate. The property has future multifamily development opportunity. 25-29 Broad Street has direct access to the Garden State Parkway, Route 3, and Route 21. The property is a 5 minute walk to the Bloomfield Train Station, which offers a direct 30 minute route to Manhattan and is approximately 5 minutes to the Glenwood Ave Bus Stop. Additionally, the property is located approximately 14 miles from Newark Liberty Airport and 25 miles from Manhattan. Bloomfield has been at the forefront of the development-boom in Northern New Jersey, featuring numerous new residential complexes and a revitalized downtown.
PROPERTY TAXES
| Parcel Number | 02-00241-0000-00039 | Improvements Assessment | $1,331,000 |
| Land Assessment | $231,000 | Total Assessment | $1,562,000 |
PROPERTY TAXES
