Investment Overview

265 Broad Street presents an exceptional opportunity to acquire a high-performing commercial property in the thriving township of Bloomfield, New Jersey. Strategically located on a bustling main street, this asset offers both immediate returns and significant upside potential for savvy investors. The property comprises a 12,500-square-foot building situated on a 21,334-square-foot lot, providing ample space for a variety of business operations. Constructed in the 1990s, the building boasts a meticulously maintained brick exterior, exuding timeless appeal while reducing maintenance costs. The property’s design and infrastructure meet modern accessibility standards, featuring a fully operational elevator and full ADA compliance, which broadens its usability for tenants and visitors alike. One of the standout attributes is the large parking lot with 35 spaces, offering a rare convenience that enhances tenant and customer satisfaction. The property’s prime main street location ensures high visibility, easy access, and strong foot and vehicular traffic—key factors in attracting and retaining tenants. The financial and operational highlights make this property particularly compelling. A day one 6.44% cap rate provides immediate, stable income, while under-market rents create an opportunity to significantly increase cash flow through strategic lease adjustments. The short-term leases in place give new ownership the flexibility to renegotiate terms and align rental agreements with current market conditions, further enhancing the property’s income potential. Anchored by a tenant with an impressive 45-year tenure, this property demonstrates its desirability and stability as a commercial asset. The long-standing anchor tenant reflects the strength of the location and its ability to support consistent business operations over time. With its combination of strong financial performance, value-add potential, modern amenities, and a prime location, 265 Broad Street is a rare find in today’s market. This property is perfectly positioned to deliver both immediate returns and long-term growth, making it an ideal acquisition for investors seeking a versatile and high-performing asset. Don’t miss this opportunity to own a premier property in the heart of Bloomfield, NJ.