314 & 326 Bloomfield Ave.BLDG+LOT | 314 Bloomfield Ave
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314 & 326 Bloomfield Ave.BLDG+LOT 314 Bloomfield Ave
6,200 SF Retail Building Verona, NJ 07044 $2,499,000 ($403/SF)
Investment Highlights
- Located on Main Road
- 2,500 SF Store Front
- Parking Lot 75 X 110 Zoned Commercial
- All Separate Utilities
- Near Public Transportation
Executive Summary
For sale: Portfolio package including a 3-story building PLUS a 75x110 corner lot on Bloomfield Ave, just minutes from the Caldwell borderline, with easy access to public transportation. The 3-story structure spans approximately 6,200 square feet. The first level, which is about 2,500 square feet, is currently used as a deli (which is being sold separately). This space can be delivered vacant for the new owner to decide its use, or it can be taken over by a new owner if they are in the food business. The price of the business, its terms, and conditions can be negotiated separately. All deli equipment is newer, and the equipment list is available upon request. The first level also includes a lavatory and a 400-square-foot office-store front. (The property owner owns and operates a deli.) The physical address is 314 and 326 Bloomfield Ave.
The 75x110 corner lot is zoned commercial and located a few feet from the building, and it is "included in the sale". This lot can be used for parking for future business at the discretion of the new owner. It can accommodate approximately 22 cars. Currently, the owner has several spaces rented on a month-to-month basis, but the lot can be delivered free of any tenants, or the new owner can take over the current arrangement. It is important to note that the lot could be built upon.
The second and third floors feature a spacious and nicely renovated apartment, which is owner-occupied and has an area of about 3,700 square feet. It includes 4 spacious bedrooms (two approximately 17x16, one 14x19, and the 4th one 10x12), 2.5 bathrooms, Living room (20x18), Dining room (13x14), Eat-in kitchen with granite countertops and cherry wood cabinets. The kitchen leads to a deck and back patio. The third level, connected to the second floor, offers an open floor plan of approximately 48.5x24 SF and extra storage space totaling 1,200 SF +/-, which could be used as an office or a rec room. The building has a newly renovated stucco facade, and all renovations were completed just a few years ago. All utilities, including gas, heat, and HVAC, are separate.
Taxes: building $18,645.61, corner lot $9128.39.
The 75x110 corner lot is zoned commercial and located a few feet from the building, and it is "included in the sale". This lot can be used for parking for future business at the discretion of the new owner. It can accommodate approximately 22 cars. Currently, the owner has several spaces rented on a month-to-month basis, but the lot can be delivered free of any tenants, or the new owner can take over the current arrangement. It is important to note that the lot could be built upon.
The second and third floors feature a spacious and nicely renovated apartment, which is owner-occupied and has an area of about 3,700 square feet. It includes 4 spacious bedrooms (two approximately 17x16, one 14x19, and the 4th one 10x12), 2.5 bathrooms, Living room (20x18), Dining room (13x14), Eat-in kitchen with granite countertops and cherry wood cabinets. The kitchen leads to a deck and back patio. The third level, connected to the second floor, offers an open floor plan of approximately 48.5x24 SF and extra storage space totaling 1,200 SF +/-, which could be used as an office or a rec room. The building has a newly renovated stucco facade, and all renovations were completed just a few years ago. All utilities, including gas, heat, and HVAC, are separate.
Taxes: building $18,645.61, corner lot $9128.39.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,200 SF
Building Class
C
Year Built
1912
Price
$2,499,000
Price Per SF
$403
Tenancy
Single
Building Height
3 Stories
Slab To Slab
12’
Building FAR
0.51
Lot Size
0.28 AC
Zoning
N/Av - Business - residential - commercial
Frontage
42 FT on Bloomfield Ave
Amenities
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (82)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 13-03104-0000-00022 | Improvements Assessment | $648,600 |
Land Assessment | $529,900 | Total Assessment | $1,178,500 |
PROPERTY TAXES
Parcel Number
13-03104-0000-00022
Land Assessment
$529,900
Improvements Assessment
$648,600
Total Assessment
$1,178,500
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314 & 326 Bloomfield Ave.BLDG+LOT | 314 Bloomfield Ave
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