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314 & 326 Bloomfield Ave. BLDG+LOT

2 Properties Offered at $3,542,257 CAD in Verona, NJ

Investment Highlights

  • MIXED USE PROPERTY PLUS CORNER LOT
  • ALL SEPARATE UTILITIES
  • 2,500 SF STORE FRONT PLUS 3,700 SF LIVIVING AREA
  • NEAR PUBLIC TRANSPORTATION
  • PARKING LOT 75X110 ZONED COMMERCIAL
  • 314 AND 326 BLOMMFIELD AVE (2 PROPERTIES)

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.

Property Facts

Price $3,542,257 CAD
Price / SF $571.33 CAD / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 1
Total Building Size 6,200 SF
Total Land Area 0.47 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
326 Bloomfield Ave, Verona, NJ 07044 Land 0.19 AC - -
314 Bloomfield Ave, Verona, NJ 07044 Retail 6,200 SF 1912 $3,542,257 CAD
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  • Listing ID: 32748764

  • Date on Market: 2024-08-09

  • Last Updated:

  • Address: 314 & 326 Bloomfield Ave. BLDG+LOT, Verona, NJ

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