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545 Bloomfield Ave
Bloomfield, NJ 07003
Retail Property For Sale

Investment Highlights

  • Prime mixed-use property featuring retail, residential, and office units for diverse income streams.
  • High visibility along Bloomfield Ave with excellent pedestrian traffic in a thriving business district.
  • Convenient access to dining, retail amenities, NJ Transit, and major commuter routes for regional connectivity.
  • Zoned BCR2 Redevelopment Zone, permitting up to eight stories for redevelopment potential.
  • Located within minutes of Garden State Parkway and adjacent to fast-growing Essex County neighborhoods.

Executive Summary

Prime mixed-use investment opportunity located in the heart of the Bloomfield Business District. This 2-story building offers 3 total units, including a ground-floor retail space, a 2-bedroom / 1-bath residential unit, and a second-floor office space, providing diversified income potential. The property operates at a 4.46% cap rate, with financial statements available upon request. Units on 2nd Floor are M2M and currently rented well below market value. Zoned BCR2 " Redevelopment Zone, allowing for up to 8 stories, making this an excellent opportunity for investors, developers, or owner-users seeking long-term upside. Ideally situated near shopping, dining, public transportation, and major commuter routes, this property benefits from strong visibility, foot traffic, and continued demand in a growing commercial corridor. Excellent cash flow with significant redevelopment potential.

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,400 SF
Building Class
C
Year Built/Renovated
1890/1892
Price
$1,936,748 CAD
Price Per SF
$569.63 CAD
Cap Rate
4.46%
NOI
$86,379 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.56
Lot Size
0.05 AC
Zoning
BCR-2 - Bloomfield Center Redevelopment Zone
Frontage
29’ on Bloomfield Avenue

Property Taxes

Property Taxes

Parcel Number
02-00311-0000-00005
Land Assessment
$112,933 CAD
Improvements Assessment
$416,406 CAD
Total Assessment
$529,338 CAD
  • Listing ID: 39292912

  • Date on Market: 2026-02-02

  • Last Updated:

  • Address: 545 Bloomfield Ave, Bloomfield, NJ 07003

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