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Bloomfield Mixed-Use (Next to Train Station) 7-9 Watsessing Ave 2,490 SF 100% Leased Retail Building Bloomfield, NJ 07003 $1,700,000 ($682.73/SF) 6.88% Cap Rate
Investment Highlights
- Originally Constructed in 1913 and Renovated in 2024
- Irreplaceable Transit-Oriented Asset Directly Adjacent to the Watsessing Train Station, Effectively Sharing a Wall with the Station
- Two-Story Structure Plus Basement
Offering Memorandum
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,490 SF
Building Class
C
Year Built/Renovated
1913/2024
Price
$1,700,000
Price Per SF
$682.73
Cap Rate
6.88%
NOI
$116,888
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.71
Lot Size
0.08 AC
Zoning
B-2
Moderately walkable
70/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
42,476
386,374
819,363
2030 Population
44,238
400,681
849,003
2025-2030 Projected Population Growth
4.2%
3.7%
3.6%
Median Age
39.2
38.1
38.4
College Degree + Higher
35%
28%
32%
Daytime Employees
10,565
98,149
279,611
Total Businesses
1,171
13,631
29,970
Average Household Income
$110,919
$99,517
$108,908
Median Household Income
$85,489
$71,338
$75,731
Total Consumer Spending
$480.1M
$3.9B
$8.8B
2025 Households
16,571
145,287
305,283
Average Home Value
$458,589
$485,452
$542,049
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-00094-0000-00029 | Improvements Assessment | $335,100 |
| Land Assessment | $114,200 | Total Assessment | $449,300 |
Property Taxes
Parcel Number
02-00094-0000-00029
Land Assessment
$114,200
Improvements Assessment
$335,100
Total Assessment
$449,300
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