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$ 490,000
Est. payment /mo
Active
15 BLOOMFIELD AVE Newark, NJ 07104
1,306 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,306 sqft
Price per Sqft $375
MLS Listing ID 260002912
Annual Tax Amount $5,008
Lot Dimensions 1306 SF
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
Area Newark
Listed by COLDWELL BANKER RESIDENTIAL BROKERAGE