Property profile

222-238 Bloomfield Ave Newark, NJ 07104

OFF-MARKET
Retail properties & Spaces
13,227 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 13,227 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

222-238 Bloomfield Ave Newark, NJ 07104
Newark metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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