545 Bloomfield Ave Bloomfield Twp., NJ 07003
Other
MLS #: 4007552
Courtesy Of UNITED REAL ESTATE
Property InformationDescription
Prime mixed-use investment opportunity located in the heart of the Bloomfield Business District. This 2-story building offers 3 total units, including a ground-floor retail space, a 2-bedroom / 1-bath residential unit, and a second-floor office space, providing diversified income potential. The property operates at a 4.46% cap rate, with financial statements available upon request. Units on 2nd Floor are M2M and currently rented well below market value. Zoned BCR2 ? Redevelopment Zone, allowing for up to 8 stories, making this an excellent opportunity for investors, developers, or owner-users seeking long-term upside. Ideally situated near shopping, dining, public transportation, and major commuter routes, this property benefits from strong visibility, foot traffic, and continued demand in a growing commercial corridor. Excellent cash flow with significant redevelopment potential.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 3
- Cooling System: Multi Units
- Exterior Type: Concrete
- Floors: 2
- MLSID: 4007552
- Roof Type: Rubber
- Roof Type: See Remarks
- Rooms: Basement
MAP & DIRECTIONS
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