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Residential Land Development Opportunity
For Sale
$500,000
Pending

42 Mill St, Bloomfield, NJ 07003

Two buildable lots in a well-established neighborhood.

Property SizeContact for details
Days on Market155

Property Features for 42 Mill St

General Information

Standard status Pending
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $10,669

Amenities

Level Lot
Listing Agency: CENTRAL PROPERTY ASSOCIATES INC
Listed By: CARLA FORTE
Source: Corcoran
Added: Mar 30 Changed: Aug 8 Last Checked: Aug 8 at 5:53AM

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 CENTRAL PROPERTY ASSOCIATES INC

Investment Insights

Based on property information with market context.

This property presents a development opportunity with a minor sub-division already granted to create two 50 x 100 buildable lots. The site currently includes an existing three-bedroom structure that has exceeded its economic life. The property offers the possibility to construct two single or multi-family dwellings within a well-established neighborhood, presenting various development options.

Key Highlights

  • Minor sub‑division already granted
  • Two 50 X 100 buildable lots
  • Possibility to build two single or multi‑family dwellings

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Parking Lot & Garage Food Market Barber Shop Furniture & Home Goods Hotel & Motel

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

Location Intelligence

Trade Area within ½ mile

729
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Two buildable lots in a well-established neighborhood.
Where is this residential land & home lot located?
The property is located at 42 Mill St Bloomfield, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Minor sub‑division already granted; Two 50 X 100 buildable lots; Possibility to build two single or multi‑family dwellings
More about this property
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