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Listed by Luis Davila Coldwell Banker, Clifton
Bought with Luis Davila Coldwell Banker, Clifton
Bought with Luis Davila Coldwell Banker, Clifton
$ 490,000
$ 490,000
Est. payment /mo
Sold on 04/20/2026
15 Bloomfield Newark, NJ 07104
UPDATED:
Key Details
Sold Price $490,000
Property Type Other Types
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 26005592
Sold Date 04/20/26
Style Retail
Property Sub-Type Retail
Property Description
Prime commercial investment opportunity in a high-visibility Newark corridor! This single-story commercial building is currently occupied by an established laundromat tenant, offering immediate income potential for investors seeking a stable, low-maintenance asset. Positioned along bustling Bloomfield Avenue with strong foot and vehicle traffic, the property benefits from excellent exposure and neighborhood accessibility. Zoned C-2 (Commercial Community), this site presents exciting upside for future development. Newark zoning allows for the potential to build up to two additional floors above the existing structure (buyer to verify), creating the opportunity to significantly increase rental income or reposition the asset into a mixed-use investment. The property sits outside of a flood zone and is surrounded by dense residential housing and active neighborhood retail with tons of foot traffic, making it well-suited for long-term appreciation and redevelopment potential. Whether you're an investor seeking steady cash flow today or a developer looking for tomorrow's value-add project, this property delivers both present income and future growth.
Location
State NJ
County Essex
Interior
Heating Central Air, Gas, Hot Air
