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545 Bloomfield Ave
Bloomfield, NJ 07003
Retail Property For Sale


Investment Highlights
- Prime mixed-use property featuring retail, residential, and office units for diverse income streams.
- High visibility along Bloomfield Ave with excellent pedestrian traffic in a thriving business district.
- Convenient access to dining, retail amenities, NJ Transit, and major commuter routes for regional connectivity.
- Zoned BCR2 Redevelopment Zone, permitting up to eight stories for redevelopment potential.
- Located within minutes of Garden State Parkway and adjacent to fast-growing Essex County neighborhoods.
Executive Summary
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.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
3,400 SF
Building Class
C
Year Built/Renovated
1890/1892
Price
$1,399,900
Price Per SF
$411.74
Cap Rate
4.46%
NOI
$62,436
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.56
Lot Size
0.05 AC
Zoning
BCR-2 - Bloomfield Center Redevelopment Zone
Frontage
Property Taxes
| Parcel Number | 02-00311-0000-00005 | Improvements Assessment | $299,400 |
| Land Assessment | $81,200 | Total Assessment | $380,600 |
Property Taxes
Parcel Number
02-00311-0000-00005
Land Assessment
$81,200
Improvements Assessment
$299,400
Total Assessment
$380,600
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