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$ 1,399,900
Est. payment | /mo
3,400 SqFt
$ 1,399,900
Est. payment | /mo
3,400 SqFt
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $411
MLS Listing ID 4007552
Year Built 1890
Annual Tax Amount $12,909
Tax Year 2024
Lot Size 2,178 Sqft
Property Sub-Type Mixed Use
Property Description
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.
Location
State NJ
County Essex
Zoning BCR2
Rooms
Basement Storage
Interior
Heating Gas-Natural
Cooling 3 Units
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Concrete
Utilities Available Electric, Gas-Natural, See Remarks
Roof Type Rubberized, See Remarks
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by UNITED REAL ESTATE
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