176-200 Bloomfield Ave 1.5 Acres of Commercial Land Offered at $3,095,000 in Verona, NJ 07044

Prime redevelopment opportunity in the heart of Verona. This approximately 1.56-acre site (68,127 SF) occupies a highly visible corner location at Bloomfield Avenue and Westview Road and benefits from a recently executed settlement agreement supporting the development of a 28-unit inclusionary multifamily community. The plan proposes a three-story residential building with 28 apartment units, 36 on-site parking spaces, and associated site improvement. Situated within close proximity to Verona's downtown business district, restaurants, shopping, and major commuter routes, the property offers developers, investors, and end-users a rare opportunity to capitalize on a well-located residential development site in one of Essex County's most desirable communities. The settlement framework establishes key development parameters, including residential density, parking requirements, building standards, and affordable housing compliance, creating a clear path toward redevelopment. With the groundwork already laid, all that's left is to bring your vision and start building your next investment opportunity.
Property is identified as Block 202, Lots 1 and 23 and contains approximately 68,127 square feet (1.56 acres) with frontage along Bloomfield Avenue and Westview Road.