For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

571 Bloomfield Ave Montclair, NJ 07042

View on Map
New
Loading data...
Loading data...
Loading data...
For Sale
$3,500,000

Mixed-use property featuring a restaurant and six apartments.

Property size:
10,000 SF

Property Features for 571 Bloomfield Ave

General Information

Standard status
Active
Size
10,000 SF

Building Details

Year built
1928

We can help!

Listing Contact
Harry Sahlman
Source: Corcoran

Listing Agency: VILLAGE SQUARE REALTORS Listing Agent: Harry Sahlman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more


Overview

Mixed-Use Property with Restaurant Lease

This mixed-use property features a restaurant space and six apartments. The restaurant is currently operating under a 10-year lease, with two five-year options, and is in its second year. The commercial lease includes annual rent increases of 3%. The six apartments benefit from a desirable location, facilitating easy rental. The property size is 10000 square feet.
Location Intelligence

Current Use by Public Records

Guerriero Gelato & Cakes Take-out & Catering

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

Similar Places Nearby

Touch Bayou Catering, Kei Kabob, SandwichPlatters.net, Baltimore North, Kawai Mahi Mahi Executive Catering

Location Insight

  • Map
  • Local Demand
City
Montclair
County
Essex
State
New Jersey
Longitude
-74.2197319
Latitude
40.8158378

FAQs

What type of property is this?
Restaurant - Mixed-use property featuring a restaurant and six apartments.
Where is this restaurant located?
The property is located at 571 Bloomfield Ave Montclair, NJ.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: - Restaurant has a long-term lease (10 years with two 5-year options).; - Commercial lease includes annual 3% rent increases.; - Six apartments provide rental income.
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