176-200 Bloomfield Ave - Commercial LAND FOR SALE


Verona, NJ 07044 65,340 SF
$3,095,000 USD
201-723-3300
176-200 Bloomfield Ave, Verona, NJ for Sale
$3,095,000 USD
Commercial LAND - FOR SALE
1/7
65,340 SF

176-200 Bloomfield Ave
Verona, NJ 07044


HIGHLIGHTS

  • Redevelopment Framework in Place – Redevelopment plan contemplating a 28-unit multifamily residential development,providing a clear path toward future
  • Prime Verona Location – High-visibility 1.56-acre corner parcel at Bloomfield Ave & Westview Rd., minutes from Verona, Montclair, shopping & commuting
  • Strong Investment Potential – Rare opportunity to develop multifamily housing in a highly desirable Essex County market with limited available land

OVERVIEW

Prime redevelopment opportunity in the heart of Verona. This approximately 1.56-acre site (68,127 SF) occupies a highly visible corner location at Bloomfield Avenue and Westview Road and benefits from a recently executed settlement agreement supporting the development of a 28-unit inclusionary multifamily community. The plan proposes a four-story residential building with 28 apartment units, 36 on-site parking spaces, and associated site improvement. Situated within close proximity to Verona's downtown business district, restaurants, shopping, and major commuter routes, the property offers developers, investors, and end-users a rare opportunity to capitalize on a well-located residential development site in one of Essex County's most desirable communities. The settlement framework establishes key development parameters, including residential density, parking requirements, building standards, and affordable housing compliance, creating a clear path toward redevelopment. With the groundwork already laid, all that's left is to bring your vision and start building your next investment opportunity. Property is identified as Block 202, Lots 1 and 23 and contains approximately 68,127 square feet (1.56 acres) with frontage along Bloomfield Avenue and Westview Road.

FOR SALE DETAILS

PRICE

$3,095,000 USD

PRICE/ACRE

$2,063,333/AC

PRICE/SF

$47 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Multi-Family, Apartment Units, Storefront Retail/Residential

LAND ACRES

1.5 AC

LAND SF

65,340 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C-1

APN/PARCEL ID

20-00202-0000-00023

ASK ABOUT THIS PROPERTY

Darren GiordanoeXp RealtyMore Info
201-723-3300

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Darren GiordanoeXp RealtyMore Info
201-723-3300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.