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19 Franklin St 7,055 SF 100% Leased Retail Building Bloomfield, NJ 07003 $2,623,653 CAD ($371.89 CAD/SF) 8.01% Cap Rate
Executive Summary
Opportunity meets momentum at 19 Franklin Street; a fully renovated mixed-use asset in the heart of thriving Bloomfield. Reimagined in 2023 with modern finishes and income optimization in mind, this turnkey property delivers immediate cash flow with 6 income-producing rental spaces under one roof. The 2nd floor features three spacious 2-bedrooms, 1-bath residential apartments, thoughtfully updated with stainless steel appliances, sleek contemporary cabinetry, in-unit laundry, and hardwood flooring. On the ground level, a fully leased retail storefront benefits from constant exposure and steady traffic, while the separately rented garage and basement create additional revenue streams that maximize the property's earning potential. Beyond the numbers, this is the kind of asset investors wait for: low maintenance, fully updated, and strategically positioned for long-term appreciation. Positioned directly across from a shopping center, bank, restaurants, and public transportation, 19 Franklin Street sits in one of Bloomfield's most commuter-friendly and high-visibility locations, a major advantage for both residential and commercial tenants alike. With multiple streams of consistent income, strong rental demand, and a prime location in an expanding market, this is more than a property; it's an opportunity engineered for lasting returns. Add this exceptional investment property to your portfolio today.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,055 SF
Building Class
C
Year Built/Renovated
1983/2023
Price
$2,623,653 CAD
Price Per SF
$371.89 CAD
Cap Rate
8.01%
NOI
$210,072 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.43
Lot Size
0.11 AC
Zoning
B-2 - Business/commercial zone
Parking
6 Spaces (0.85 Spaces per 1,000 SF Leased)
Frontage
50’ on Franklin St
Amenities
- Freeway Visibility
- Signage
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-00435-0000-00002 | Improvements Assessment | $559,390 CAD |
| Land Assessment | $338,175 CAD | Total Assessment | $897,565 CAD |
Property Taxes
Parcel Number
02-00435-0000-00002
Land Assessment
$338,175 CAD
Improvements Assessment
$559,390 CAD
Total Assessment
$897,565 CAD
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19 Franklin St
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