on Bloomfield's busy ave w/ ongoing revitalization efforts. The existing pizza business provides a stable revenue stream, while the underlying real estate boasts remarkable upside. The location of 543 Bloomfield Avenue is a key highlight, situated in a high-traffic area that benefits from excellent visibility and accessibility. Its proximity to… Read More major transportation hubs and essential community services makes it particularly attractive. The property is conveniently located within minutes of the Bloomfield train station, offering direct access to NYC and other regional destinations, making it ideal for commuters and drawing a steady flow of foot traffic. Furthermore, its close proximity to the post office and municipal buildings ensures a constant presence of potential customers and residents in the immediate vicinity. For vehicular traffic, the property offers easy access to Route 280, a major thoroughfare, further enhancing its appeal for both retail and future residential or mixed-use developments. The most compelling aspect for developers is the redevelopment zone designation, which permits construction up to 8 stories or 110 feet, providing substantial vertical development potential for a mixed-use building that could incorporate retail, office, and residential units, maximizing return on investment. This allows for a significant increase in density and property value, aligning with Bloomfield's master plan for urban growth and revitalization. Read Less
Courtesy of COLDWELL BANKER REALTY, ONYEMAECHI OKAFOR, 862-321-2868
Listing Snapshot
Days Online
14
Last Updated
Property Type
Other
Square Ft.
1,116
Lot Size
0.05 Acres
Year Built
1938
MLS Number
3988138
30 Days Snapshot Of 07003
$546k
-10%
(avg) sold price
21
-34%
homes sold
59
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Storage, Yes
Building
Built in 1938
Cooling
1 Unit
Exterior Features
Concrete, ConcBrd
Water Features
Public Water
Heating
Gas-Natural, 1 Unit
Lot
Approximate Lot Size: 21 X 99 AVG, 0.05 acres
Property
1,116 sqft building, 1 unit
Roof
Flat
Sewer
Public Sewer
Taxes
Annual Tax Amount: $7,845, Tax Rate: 3.392
Utilities
All Underground
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