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Mixed-Use Property with Retail Stores
For Lease
$1,299,999

188-192 Bloomfield Avenue, Newark, NJ 07104

An additional building is described as suitable for conversion to mixed-use space or apartments.

Space SizeContact for details
Days on Market295

Property Features for 188-192 Bloomfield Avenue

General Information

Standard status Active
Property subtype Retail

Site & Location

Neighborhood Seventh Avenue

Taxes and HOA fees

Annual Taxes $14,010
Listing Agency: Weichert Realtors, Tenafly-Cresskill
Listed By: Lasanda Sheppy
Source: Tkregroupinc
Added: Jan 12 Changed: Nov 1 Last Checked: Nov 1 at 3:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert Realtors, Tenafly-Cresskill

Rey
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Investment Insights

Based on property information with market context.

The property includes three retail stores and a separate building described for possible conversion to mixed-use space or apartments. The existing buildings may also be used in their current configuration.

Located at 188-192 Bloomfield Avenue in Newark, New Jersey.

Key Highlights

  • Three retail stores on the property
  • Separate building identified for possible mixed‑use or apartment conversion
  • 188‑192 Bloomfield Avenue, Newark, NJ 07104

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,780
Businesses Nearby
82k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 41% Shops & Services 41% Groceries 14% Electronics 5%
Dunkin' Donuts Dining
13,919 visits/mo 0.5 miles
Food Fair Fresh Market Groceries
11,554 visits/mo 0.4 miles
BP Shops & Services
10,746 visits/mo 0.4 miles
KFC Dining
10,075 visits/mo 0.4 miles
Dunkin' Donuts Dining
9,393 visits/mo 0.5 miles

Demographics for 07104, NJ

54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - An additional building is described as suitable for conversion to mixed-use space or apartments.
Where is this mixed-use property located?
The property is located at 188-192 Bloomfield Avenue Newark, NJ.
What is the lease rate?
The lease rate is $1,299,999.
What are key features of this property?
This property features: Three retail stores on the property; Separate building identified for possible mixed‑use or apartment conversion; 188‑192 Bloomfield Avenue, Newark, NJ 07104
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