45-47 Franklin St 2,450 SF 100% Leased Retail Building Bloomfield, NJ 07003 $1,498,000 ($611.43/SF) 9.93% Cap Rate

!!! Now offered at a thoughtfully adjusted, market-driven price to reflect current buyer demand and comparable sales. !!!
Bar & Market Hub
Presenting a unique opportunity to acquire a rare property that combines a fully licensed bar, retail space, and the infrastructure for a working kitchen—all under one roof. This location offers a rare Broad Class C liquor license, providing tremendous flexibility to serve both food and alcohol onsite while also creating a destination for entertainment and community gatherings. For an operator with vision, this license alone opens the door to a range of profitable concepts ranging from a neighborhood tavern, sports bar, or live music venue to a culinary-driven gastropub.
Currently configured as a bar with an adjacent store, the flow of the space encourages multiple revenue streams. The retail component can be repositioned for carry-out sales, specialty food offerings, or even packaged beverage sales, creating a synergy between the front-of-house and tavern operations. The combination allows an operator to not only capture customers looking for a social experience, but also those seeking convenience and quick purchases—an advantage not typically found in stand-alone restaurant or bar properties.
Equally compelling is the existing kitchen space, which offers the framework for a full culinary program once restored and modernized. By updating it to meet today’s standards, a new operator can elevate the food and beverage experience, creating a vibrant atmosphere that attracts regular clientele and draws in new visitors. With thoughtful renovation, the kitchen can once again serve as a backbone for the business, enhancing both dine-in and takeout offerings.
From an investment perspective, the property is positioned to become a local staple. The versatility offered here—liquor sales, food service, and retail—encourages creativity and provides resiliency against changing market trends. For an entrepreneur seeking a destination business, this is an exceptional foundation on which to build.
Core's is in it's third generation of operation and ownership, one family built and owned it since 1936. Bring the vision, this is your dream property.