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820 Bloomfield Ave
Verona, NJ 07044
Potential Multi-Family Development · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- In close proximity to local transit.
- Professional office buildings in nearby vicinity.
EXECUTIVE SUMMARY
Potential multi-family development on approximately 1/3 acre for 4-6 units in desirable area. Zoned as mixed use and may require a zoning variance. Current use is apartment and retail/office. Current parking is for 8 cars and street parking is permitted. New 100-unit apartment project being built across the street from this site. Traffic count at this address is about 15,000 cars per day.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,997 SF
Building Class
C
Year Built/Renovated
1870/2000
Price
$899,900
Price Per SF
$300.27
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.25
Lot Size
0.28 AC
Zoning
C-2 - Mixed Use Commercial: Approved uses: professional non medical offices, commercial non medical offices, retail goods.
Parking
8 Spaces (2.67 Spaces per 1,000 SF Leased)
Frontage
60’ on Bloomfield Ave
AMENITIES
- Corner Lot
- Storage Space
PROPERTY TAXES
| Parcel Number | 20-01603-0000-00001 | Improvements Assessment | $197,900 |
| Land Assessment | $325,800 | Total Assessment | $523,700 |
PROPERTY TAXES
Parcel Number
20-01603-0000-00001
Land Assessment
$325,800
Improvements Assessment
$197,900
Total Assessment
$523,700
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