543 Bloomfield Ave - Storefront FOR SALE


Bloomfield, NJ 07003
$675,000 USD
973-696-1111
543 Bloomfield Ave, Bloomfield, NJ for Sale
$675,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

543 Bloomfield Ave
Bloomfield, NJ 07003


HIGHLIGHTS

  • Strategic Investment Property
  • Business district

OVERVIEW

On Bloomfield's busy Ave w/ ongoing revitalization efforts. The existing pizza business provides a stable revenue stream, while the underlying real estate boasts remarkable upside. The location of 543 Bloomfield Avenue is a key highlight, situated in a high-traffic area that benefits from excellent visibility and accessibility. Its proximity to major transportation hubs and essential community services makes it particularly attractive. The property is conveniently located within minutes of the Bloomfield train station, offering direct access to NYC and other regional destinations, making it ideal for commuters and drawing a steady flow of foot traffic. Furthermore, its close proximity to the post office and municipal buildings ensures a constant presence of potential customers and residents in the immediate vicinity. For vehicular traffic, the property offers easy access to Route 280, a major thoroughfare, further enhancing its appeal for both retail and future residential or mixed-use developments. The most compelling aspect for developers is the redevelopment zone designation, which permits construction up to 8 stories or 110 feet, providing substantial vertical development potential for a mixed-use building that could incorporate retail, office, and residential units, maximizing return on investment. This allows for a significant increase in density and property value, aligning with Bloomfield's master plan for urban growth and revitalization.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$605 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

BCR2

APN/PARCEL ID

02-00311-0000-00006

ASK ABOUT THIS PROPERTY

Lou BatelliCentury 21 GeminiMore Info
973-696-1111

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Lou BatelliCentury 21 GeminiMore Info
973-696-1111

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