Bloomfield Development Opportunity on
For Sale
$499,000
25 Prospect, Bloomfield, NJ 07003
0.14-acre corner parcel zoned R-2B for residential development.
Property SizeContact for details
Days on Market462
Property Features for 25 Prospect
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$2,628
Listing Agency:
EXP REALTY, LLC
Listed By:
VERONICA FAIRWEATHER
Source:
Corcoran
Added: Jun 11, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
Located in Bloomfield, NJ, 21-25 Prospect Street is a 0.14-acre corner parcel, equivalent to 6,098 sq ft. The property is zoned R-2B, which allows for single- or two-unit residential development. Situated on a quiet, tree-lined street in the Watsessing neighborhood, it is within the Bloomfield Public School District and a 5-minute walk from Watsessing Elementary School, with zoning for Bloomfield Middle and High Schools. The property is located 0.3 miles from the Watsessing Avenue NJ Transit Station, providing direct rail access to New York Penn Station in approximately 32 minutes, with access to NJ Transit bus routes 92 and 72. Nearby amenities include Stop & Shop, ShopRite, Trader Joe’s, CVS, and Walgreens, all within 1.5 miles. The 69-acre Watsessing Park, offering green space, playgrounds, sports fields, and walking trails, is steps away. The location provides access to the shops, restaurants, and cultural attractions of Bloomfield Center and neighboring Montclair. This parcel presents an opportunity to build a custom residence or income-producing property.
Key Highlights
- Development opportunity in a desirable location: Zoned R‑2B for single- or two‑unit residential development in Bloomfield's thriving Watsessing neighborhood.
- Excellent Commuter Location: Just 0.3 miles to Watsessing Avenue NJ Transit Station, offering direct rail access to New York Penn Station in approximately 32 minutes.
- Convenient Access to Amenities: Close proximity (within 1.5 miles) to grocery stores, pharmacies, and the shops/restaurants of Bloomfield Center and Montclair.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
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Business Placement
Demographics for 07003, NJ
52,955
Population
21,692
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
9,992
Density / Sq Mi
$98,805
Median Household Income
$56,465
Median Earnings
$1,775
Median Rent
$447,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 0.14-acre corner parcel zoned R-2B for residential development.
Where is this residential land & home lot located?
The property is located at 25 Prospect Bloomfield, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Development opportunity in a desirable location: Zoned R‑2B for single- or two‑unit residential development in Bloomfield's thriving Watsessing neighborhood.; Excellent Commuter Location: Just 0.3 miles to Watsessing Avenue NJ Transit Station, offering direct rail access to New York Penn Station in approximately 32 minutes.; Convenient Access to Amenities: Close proximity (within 1.5 miles) to grocery stores, pharmacies, and the shops/restaurants of Bloomfield Center and Montclair.
