Retail strip center with five units available. Well located, corner property at the intersection of North Grove and Hoffman Blvd. Close to the Bloomfield line. Close to all major highways provides east access. Building had an extensive renovation in 2023, inside and out. Building is approximately 3,500 sqft evenly dived between the five units. Total lot size is approximately 5900 sqft. Separate utilities for each unit; paid by the tenants. Current net operating income of $69,418 giving this property a 8.8% CAP rate. Don't miss this great investment opportunity.
3884596
Other, 1 Story
Essex
1924
Public Water
1
Brick
Public Sewer
3,500
Sq. Ft.
5 Total
Interior Features
- Heating
- Gas Heat. .
Exterior / Lot Features
- Parking
- On Street.
- Exterior
- Brick
- Roof
- Slate
- Zoning
- R2
- Additional Exterior/Lot Features
- Corner Lot.
Financial Considerations
Fee Simple
1605-00110-0000-00012-0000-
$12,667
Arrows indicate 90 day trend
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