543 Bloomfield Ave 1,115 SF Retail Building Bloomfield, NJ 07003 $675,000 ($605.38/SF)

On Bloomfield's busy Ave w/ ongoing revitalization efforts. The existing pizza business provides a stable revenue stream, while the underlying real estate boasts remarkable upside. The location of 543 Bloomfield Avenue is a key highlight, situated in a high-traffic area that benefits from excellent visibility and accessibility. Its proximity to major transportation hubs and essential community services makes it particularly attractive. The property is conveniently located within minutes of the Bloomfield train station, offering direct access to NYC and other regional destinations, making it ideal for commuters and drawing a steady flow of foot traffic. Furthermore, its close proximity to the post office and municipal buildings ensures a constant presence of potential customers and residents in the immediate vicinity. For vehicular traffic, the property offers easy access to Route 280, a major thoroughfare, further enhancing its appeal for both retail and future residential or mixed-use developments. The most compelling aspect for developers is the redevelopment zone designation, which permits construction up to 8 stories or 110 feet, providing substantial vertical development potential for a mixed-use building that could incorporate retail, office, and residential units, maximizing return on investment. This allows for a significant increase in density and property value, aligning with Bloomfield's master plan for urban growth and revitalization.