Listing Details

545 Bloomfield Ave,Bloomfield Twp., NJ 07003-3301

  • January 30, 2026
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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.

Details

Last Updated On: January 30th, 2026 at 10:42 pm
Property ID:PT-26564315-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 1,549,000 $
Year Built:1890

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 29X80
Office SqFt: 1700
Property Type: Mixed Use, Store With Apartment, Strip/Shopping Center
Lot Identifier: 5

Home Details

Location: Business District
Acreage: 0.05
Sale Includes: Building & Land
Exterior Description: Concrete
Roof Description: Rubberized
Number of Stories: 2
Number of Units: 3
Number of Lavatories: 3
Available SqFt: 3400
Building SqFt: 3400
Parking Desc: On-Street Parking
Easement/Desc: No
Basmnt/Desc: Yes - Storage
YB/Desc: 1890 - Approximate
Block Identifier: 311
County Number: 16
Town Number: 1602
Possession: 0-30 Days

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Leases, Survey
Ownership: Fee Simple
Tax ID For Property: 1602-00311-0000-00005-0000-
Tax Amount: $12,909.00
Tax Year: 2024
Tax Rate: 3.392%
Tax Rate Year: 2025
Land Assessment: $81,200.00
Building Assessment: $299,400.00
Total Assessment: $380,600.00

Utilities

Heat Source: Gas-Natural
Heat System: 3 Units
Cool System: 3 Units
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Other

Zoning: BCR2

Statistics

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