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522 Bloomfield Ave 5,200 SF 100% Leased Retail Building Verona, NJ 07044 $1,500,000 ($288.46/SF)
Executive Summary
Mixed-used building for sale in the heart of downtown Verona. The Property consists of 3 retail spaces on Bloomfield Ave, 2 apartments on the 2nd floor plus a 1,600sf retail space located in the back of the building currently which is currently used for manufacturing. Situated at 4-way signalized intersection directly across from Verona Park, this investment opportunity is strategically situated to provide a long term revenue stream with upside in under market rents. The Town Center-Mixed Use zoning allows for a wide variety of future tenants when there is turnover.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,200 SF
Building Class
C
Year Built
1912
Price
$1,500,000
Price Per SF
$288.46
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.92
Lot Size
0.13 AC
Zoning
Town Center-Mixed Use - TC & TC MU (Town Center-Mixed Use) Zone
Parking
8 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Salon Jofi
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Salon Jofi | Services | - | - | - |
Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-01703-0000-00056 | Improvements Assessment | $368,300 |
| Land Assessment | $272,100 | Total Assessment | $640,400 |
Property Taxes
Parcel Number
20-01703-0000-00056
Land Assessment
$272,100
Improvements Assessment
$368,300
Total Assessment
$640,400
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522 Bloomfield Ave
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