545 Bloomfield Ave Bloomfield, NJ 07003
Two-story building with retail, residential, and office units.
Property size:
3,400 SFLot size:
0.05 AcresProperty Features for 545 Bloomfield Ave
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Lot size
- 0.05 Acres
Building Details
- Year built
- 1890
Source:
Corcoran
Listing Agency: UNITED REAL ESTATE Listing Agent: Jose Trinidad
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Bloomfield Mixed-Use Investment Opportunity
This two-story mixed-use property is located in the Bloomfield Business District. The building includes a ground-floor retail space, a two-bedroom, one-bath residential unit, and a second-floor office space, offering diversified income potential. The property operates at a 4.46% cap rate. Financial statements are available upon request. The second-floor units are rented month-to-month and are currently rented below market value. Zoned BCR2, Redevelopment Zone, the property allows for up to eight stories, presenting an opportunity for investors, developers, or owner-users. The property is near shopping, dining, public transportation, and major commuter routes. It benefits from visibility, foot traffic, and demand in a growing commercial corridor. The property has redevelopment potential.
Location Intelligence
Current Use by Public Records
THAMLEV
Industrial Manufacturer
Yepeds E-Bikes
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1968852
- Latitude
- 40.7924798
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-story building with retail, residential, and office units.
Where is this mixed-use property located?
The property is located at 545 Bloomfield Ave Bloomfield, NJ.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: - Prime mixed-use investment property in the heart of the Bloomfield Business District.; - Diversified income potential with ground-floor retail, a 2-bedroom residential unit, and a second-floor office space.; - Zoned BCR2 Redevelopment Zone, allowing for up to 8 stories, offering significant redevelopment potential.
