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    222-238 Bloomfield Ave Newark, NJ 07104

    For Lease
    Contact for pricing

    Prime Newark Retail Space - 13,227 SF

    Lot size:
    13,227 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial property, located at 222-238 Bloomfield Avenue in Newark, New Jersey, presents a unique investment opportunity. The 13,227 square foot building sits on a 0.75-acre lot and is zoned C-2 Community Retail/Residential, offering significant flexibility for a variety of uses. Currently vacant, the entire space is available for lease, providing a blank canvas for a new business venture. The five-story building offers ample space for retail operations, with the potential for additional uses given the zoning. The property boasts 26 parking spaces, a significant advantage in a high-traffic area. Its prime location on Bloomfield Avenue in Essex County ensures high visibility and accessibility for customers. The address is 222-238 Bloomfield Ave, Newark, NJ 07104. This is a single-tenant property, ideal for a business seeking a substantial footprint in a thriving Newark neighborhood. The property's size and zoning provide a unique opportunity for a business to establish a strong presence in a densely populated area. The ample parking further enhances the property's appeal to both businesses and customers. This is a rare opportunity to secure a large, well-located commercial space in a desirable area of Newark. The property's potential is significant, making it an attractive proposition for discerning investors and businesses alike.

    Property Features for 222-238 Bloomfield Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,227 SF

    Building Details

    Stories
    5

    Unit(s) available at that property

    Space
    Available Space
    Size
    13,227 SF

    HighLights

    • 13,227 SF building on a 0.75‑acre lot in Newark, NJ.
    • C‑2 zoning allows for retail and residential uses.
    • Currently vacant, entire space available for lease.
    • Five‑story building with 26 parking spaces.
    • Prime Bloomfield Avenue location offers high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.177849
    Latitude
    40.761892

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    FAQs

    What type of property is this?
    Land - Prime Newark Retail Space - 13,227 SF
    Where is this land located?
    The property is located at 222-238 Bloomfield Ave Newark, NJ.
    What are key features of this property?
    This property features: 13,227 SF building on a 0.75-acre lot in Newark, NJ.; C-2 zoning allows for retail and residential uses.; Currently vacant, entire space available for lease.
    Request Owner's contact information
    222-238 Bloomfield Ave Newark, NJ 07104
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    Newark, NJ 07104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    222-238 Bloomfield Ave Newark, NJ 07104
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