995 Bloomfield Ave West Caldwell, NJ 07006-7128
This exceptional freestanding retail building, situated at a prime Bloomfield Avenue intersection in West Caldwell, presents a unique investment opportunity. Originally constructed in 1971 and extensively renovated in 2010, the 2,658 square foot single-tenant space boasts excellent visibility and accessibility. The property includes a convenient drive-thru, a significant advantage for various retail uses. Ample parking is provided with 20 spaces, catering to customer convenience. The 0.57-acre lot offers considerable space for outdoor activities or expansion. This location benefits from high traffic counts exceeding 24,000 vehicles daily on Bloomfield Avenue, placing it within West Caldwell's thriving retail corridor. The surrounding area boasts a substantial population exceeding 189,000 residents, with average household incomes surpassing $140,000, indicating strong consumer spending power. The property's proximity to major retailers further enhances its appeal and potential for success. Ideal for a variety of retail, food, or medical businesses seeking a high-traffic, high-visibility location. Annual property taxes are $9.26 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located retail property in a highly desirable market.
, apartments located above commercial establishments shall be permitted in B-1 Zone Districts, subject to the parking regulations of Subsection 20-23.4d . b. Before issuing a certificate of occupancy or a construction permit or a zoning permit for any premises intended for a permitted combination of dwelling and commercial occupancy, or which would result in…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · West Caldwell, NJ, apartments located above commercial establishments shall be permitted in B-1 Zone Districts, subject to the parking regulations of Subsection 20-23.4d . b. Before issuing a certificate of occupancy or a construction permit or a zoning permit for any premises intended for a permitted combination of dwelling and commercial occupancy, or which would result in an increased number of dwelling units within a building partly occupied by business, or which would result in an increased area devoted to a business within a building partially occupied as a dwelling, the Township Code Enforcement Agency shall refer the plans to the Bureau of Fire Prevention and the Board of Health and request their respective reports as to any hazards that exist or may be expected to exist. Their recommendations as to desirable additional provisions or changes in the interest of safety shall be complied with before the certificate of occupancy or construction permit or zoning permit shall issue.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.