For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Property with Retail Stores Title is generated by Realmo AI

    188 Bloomfield Ave, Newark, NJ 07104

    View on Map
    Claim this Listing
    For Sale
    $1,300,000

    Mixed-use property featuring retail stores and development potential.

    Type:Commercial
    Property size:
    5,100 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $254/SF
    Added:
    Jan 13, 2026
    Days on Market:
    147
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 188 Bloomfield Ave

    General Information

    Standard status
    Active
    Size
    5,100 SF
    Lot size
    0.12 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    LASANDA SHEPPY

    Listing agent LASANDA SHEPPY

    Listing office WEICHERT REALTORS

    Listing date Jan 13, 2026

    Source Corcoran

    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

    HighLights

    • Three existing retail stores provide immediate rental income.
    • Building suitable for mixed‑use development, apartments, or other concepts.
    • Excellent rental potential.
    • Opportunity for creative transformation.
    • Building is ready for immediate use.
    • Built in 1920.

    Overview

    This property features three retail stores with rental potential, along with a building suitable for conversion into mixed-use spaces or apartments. The property offers flexibility for various development options. The building has a total size of 5100 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $122.4k $24.00
    − Vacancy −$11.1k −$2.18
    EGI $111.3k $21.82
    − OpEx −$33.4k −$6.54
    NOI $77.9k $15.27
    5,100 SF · lease $24.00/SF/yr · vacancy 9.10% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.11M
    $973.5K – $1.30M (±1% cap)
    NOI $77,883 @ 7.0% cap · market cap 5.99%
    Second Best
    Mixed Use
    $1.11M
    $968.2K – $1.29M (±1% cap)
    NOI $77,456 @ 7.0% cap · market cap 5.96%
    Theoretical Best
    Office A
    $1.61M
    $1.41M – $1.88M (±1% cap)
    NOI $112,924 @ 7.0% cap · market cap 8.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bloomfield Deli Grocery & Convenience Store LibertyX Bitcoin ATM Atm 188nutrition Pharmacy

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Jely's multiservices — 51 Bloomfield Ave, Newark, NJ 07104
    • Floristeria Jely's Multiservice & Flowers llc — 51 Bloomfield Ave, Newark, NJ 07104
    • Magnolia Florist — 5 Webster St, Newark, NJ 07104

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1766
    Latitude
    40.7603

    FAQs

    What type of property is this?
    Storefront property - Mixed-use property featuring retail stores and development potential.
    Where is this storefront property located?
    The property is located at 188 Bloomfield Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Three existing retail stores provide immediate rental income.; Building suitable for mixed‑use development, apartments, or other concepts.; Excellent rental potential.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message