554 Bloomfield Ave | Bloomfield, NJ 07003
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- LoopNet Team
554 Bloomfield Ave
Bloomfield, NJ 07003
Flexible Mixed-Use Asset in New York MSA · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 554 Bloomfield Avenue presents the market with a rare opportunity to acquire a 23,840-square-foot mixed-use building in Bloomfield, New Jersey.
- Presents the market with value-add upside bolstered by a diverse internet-resistant tenant mix and in-place cash-flow.
- Ideal location bolstered by the large confluence of six large-scale multifamily complexes in the immediate vicinity of the building.
- Prime location with near immediate access to the Garden State Parkway, a critical commuter thoroughfare running throughout New Jersey.
- Access to the thriving Bloomfield Office Submarket, boasting modest 5.7% vacancy and steadily growing rental rates.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
16,066 SF
Building Class
C
Year Built
1961
Percent Leased
98%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,850 SF
Slab To Slab
12’
Building FAR
2.68
Lot Size
0.14 AC
Parcel Number
02-00153-0000-00029
Zoning
BCR2
AMENITIES
- 24 Hour Access
- Commuter Rail
- Metro/Subway
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