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.
545 Bloomfield Ave, Bloomfield Twp. NJ 07003-3301
Property City
Bloomfield Twp.
Property Price
$1,549,000
Year Built
1890
Tax Annual Amount
$12909
TaxYear (*text)
2024
Roof (*text)
Rubberized, See Remarks
Lot Size Area
0.05
MLS Status
Active
MLS #
4007552
Yearly Tax Rate
3.392
Year Built (*numeric)
1890
Basement
Yes
Roofing (*text)
Rubberized, See Remarks
Days On Market
4
Basement (*text)
Yes
Cooling (*text)
3 Units
Heating
3 Units
Lot Size Dimensions
29X80
Data import from
GSMLS