7-9 Watsessing Ave - Storefront Retail/Residential FOR SALE
Bloomfield, NJ 07003 |
201-742-6118
7-9 Watsessing Ave
Bloomfield, NJ 07003
HIGHLIGHTS
- 7-9 Watsessing Avenue presents a fully leased, multi-tenant mixed-use asset with two retail units and two residential units.
- Flexible layout with first-floor suites built out for restaurant and convenience store use and upper level residential for diversified cash flow.
- Direct visibility to strong foot traffic, as well as 9,300+ daily vehicles on Dodd Street and 179,000+ daily vehicles on Garden State Parkway.
- Adjacent to the Watsessing commuter rail station, providing immediate access for NJ Transit lines, with Newark Rail service under 1 mile away.
- Competitive submarket fundamentals, with stable retail and multifamily rent growth and competitive vacancies driving long-term appreciation.
- Growing 2-mile population of more than 195,000, with an average household income over $94,000 and annual consumer spending above $1.9 billion.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
High-Traffic Retail/Residential Mixed Use
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1913
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.08 AC
LAND SF
3,485 SF
ZONING
B-2
APN/PARCEL ID
02-00094-0000-00029
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201-742-6118
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201-742-6118
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