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383 Broad St
Bloomfield, NJ 07003
Retail Property For Sale
EXECUTIVE SUMMARY
Modernized Income-Producing Asset on the Bloomfield/Montclair Border
Introducing 383 Broad Street, a turn-key investment opportunity ideally positioned between the energy of Montclair and the convenience of Bloomfield’s growing commercial district. This property offers dependable rental income with the added advantage of brand-new utility and waste line upgrades, setting the stage for low-maintenance ownership for years to come.
Set on a well-traveled stretch of Broad Street, the building provides effortless proximity to Garden State Parkway access, local transit, neighborhood retail, parks, and dining, making it attractive to current and future tenants alike. Montclair’s cultural hub — cafés, boutiques, farmer’s markets, nightlife — sits just minutes away, expanding the lifestyle appeal and long-term demand of this location.
Thoughtfully maintained and improved, 383 Broad Street stands as a strong addition to any portfolio — whether you’re scaling up or securing a reliable, well-located asset in one of Essex County’s most connected pockets.
A smart hold. A strategic location. A property built for growth.
Inquire for financials, rent roll, and further details.
Introducing 383 Broad Street, a turn-key investment opportunity ideally positioned between the energy of Montclair and the convenience of Bloomfield’s growing commercial district. This property offers dependable rental income with the added advantage of brand-new utility and waste line upgrades, setting the stage for low-maintenance ownership for years to come.
Set on a well-traveled stretch of Broad Street, the building provides effortless proximity to Garden State Parkway access, local transit, neighborhood retail, parks, and dining, making it attractive to current and future tenants alike. Montclair’s cultural hub — cafés, boutiques, farmer’s markets, nightlife — sits just minutes away, expanding the lifestyle appeal and long-term demand of this location.
Thoughtfully maintained and improved, 383 Broad Street stands as a strong addition to any portfolio — whether you’re scaling up or securing a reliable, well-located asset in one of Essex County’s most connected pockets.
A smart hold. A strategic location. A property built for growth.
Inquire for financials, rent roll, and further details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,176 SF
Building Class
C
Year Built
1890
Price
$1,450,000
Price Per SF
$456.55
Cap Rate
5.70%
NOI
$82,650
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.91
Lot Size
0.08 AC
Zoning
B-2
Frontage
22’ on Broad St
AMENITIES
- Bus Line
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 02-00575-0000-00009 | Improvements Assessment | $351,100 |
| Land Assessment | $115,500 | Total Assessment | $466,600 |
PROPERTY TAXES
Parcel Number
02-00575-0000-00009
Land Assessment
$115,500
Improvements Assessment
$351,100
Total Assessment
$466,600
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