Technical
Financial
Distress signals
Property profile

45-47 Franklin St 47 Bloomfield, NJ 07003

OFF-MARKET
Bars & Pubs
Property ID
US59-1031798
2,450 SF 0.1 ac lot Built 1936
Entity Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a 2,450-square-foot commercial space located on a prominent corner at 45–47 Franklin Street in Bloomfield, New Jersey, providing visibility at a busy intersection. It is configured as a bar with an adjacent retail store and includes kitchen infrastructure suitable for a full food service program. The business is associated with a Broad Class C liquor license, which supports serving food and alcohol. The layout includes front-of-house bar and retail areas that can accommodate multiple operating concepts such as carry-out service, specialty food offerings, or packaged beverage sales. The property has been operated and owned by the same family since 1936 and is in a third-generation operation.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1936
Total area 2,450 SF
Lot 0.1 ac (4,535 SF)
Zoning code R-1B
APN 02 00424-0000-00008
UPID US59-1031798

Cap rate & NOI

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

Location

45-47 Franklin St, Unit 47 Bloomfield, NJ 07003-5755
Bloomfield metro Census 15800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

since 2007
2 recorded transactions
2007
Price N/A
1969
Price N/A

Zoning & alternative use

R-1B · Bloomfield, NJ
Zoning description

§ 315-34 Establishment of zones. A. The territory of the Township of Bloomfield is hereby divided into 17 zones and two overlay districts as follows: (1) R-1A Zone - Residential, single-family, fifty-foot frontage. (2) R…

General category RESIDENTIAL

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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