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516 Bloomfield Ave
2,000 - 9,130 SF of Retail Space Available in Montclair, NJ 07042
Highlights
- 516 Bloomfield Avenue presents 9,430 square feet of divisible retail space and prime visibility near S Park Street in Montclair’s vibrant downtown.
- Benefit from flexible layouts starting at 2,000 square feet, incredible Bloomfield Avenue frontage, a full basement, and 10’6” finished ceilings.
- Ideal for maximizing customer exposure, building tenants enjoy high foot and vehicle traffic and strong co-tenancy among local retailers and services.
- Situated under an hour of New York City, surrounded by national retailers, dining, and parking, with approximately 200,000 nearby affluent residents.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,000-9,130 SF | 10’6” - 12’ | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Modified Gross |
1st Floor
This property offers large Bloomfield Avenue frontage. Situated within a vibrant market area, this 9,430-square-foot space benefits from high vehicular and pedestrian traffic. The occupant benefits from 9,430 square feet of retail space, along with a full basement of the same size and the potential for an additional 300 square feet from an adjacent retail tenant. The property was previously occupied by CVS.
- Listed rate may not include certain utilities, building services and property expenses
- Located in-line with other retail
- Finished Ceilings: 10’6” - 12’
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS FOR 516 Bloomfield Ave , Montclair, NJ 07042
| Min. Divisible | 2,000 SF | Gross Leasable Area | 18,260 SF |
| Property Type | Retail | Year Built | 1927 |
| Property Subtype | Storefront Retail/Office |
| Min. Divisible | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 18,260 SF |
| Year Built | 1927 |
About the Property
516 Bloomfield Avenue offers tenants prime positioning and excellent visibility in Montclair, New Jersey. This business elevating opportunity provides 9,430 square feet of best-in-class retail space in the vibrant downtown area near the signalized intersection of Bloomfield Avenue and South Park Street. Tenants benefit from heavy pedestrian and vehicle traffic and a dynamic surrounding co-tenancy of local retailers and service businesses. Building features include expansive Bloomfield Avenue frontage, soaring 10-foot, 6-inch finished ceilings, and a full basement of equal size for extra storage or workspace. Previously occupied by CVS, this versatile space features an open layout, with divisions starting at 2,000 square feet. For businesses requiring even more space, an additional 300 square feet is available for lease from the adjacent retail tenant. 516 Bloomfield Avenue is less than an hour northwest of New York City and is within a cultural and commercial hub in North Jersey. Major national retailers, such as Anthropologie and Urban Outfitters, dozens of local dining options, and the Fullerton Deck public parking garage are all within convenient walking distance. Nearly 200,000 residents with an average household income of over $131,250 live in a 3-mile radius of 516 Bloomfield Avenue, creating an affluent and reliable customer base.
DEMOGRAPHICS
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Costanera Restaurant | Peruvian | $$ | 1 min walk |
| Fresco Da Franco | Italian | $$ | 1 min walk |
| Paleo Cafe | Cafe | - | 2 min walk |
| Playa Bowls | - | - | 2 min walk |
| Fiamma | Pizza | $$ | 2 min walk |
Retail |
||
|---|---|---|
| Anthropologie | Ladies' Apparel | 1 min walk |
| CVS Pharmacy | Drug Store | 1 min walk |
| Citizens | Bank | 1 min walk |
| Urban Outfitters | Unisex Apparel | 2 min walk |
| Pure Barre | Fitness | 4 min walk |
| Anytime Fitness | Fitness | 7 min walk |
Hotels |
|
|---|---|
| Autograph Collection |
159 rooms
1 min drive
|
| Residence Inn |
128 rooms
5 min drive
|
| Courtyard |
131 rooms
9 min drive
|
Leasing Agent
Leasing Agent
-
Ira Kerner - Tower Abstract
Presented by
Tower Abstract
516 Bloomfield Ave
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