285 Glenwood Ave - Restaurant FOR SALE


Bloomfield, NJ 07003
$1,879,000 USD
201-421-8577
285 Glenwood Ave, Bloomfield, NJ for Sale
$1,879,000 USD
Restaurant - FOR SALE
1/31
null | 6.03% Cap Rate

285 Glenwood Ave
Bloomfield, NJ 07003


HIGHLIGHTS

  • Heavy Foot Traffic
  • Redevelopment Area
  • Adjacent to NYC Train & Bus Access
  • Popular Restaurant in Business for 5+ years

OVERVIEW

283 285 Glenwood Avenue, Bloomfield NJ is a two story, commercial zoned building, with a total area of 6,569 square, and a lot size of 0.24 acres. This property was last renovated in 2017 and offers on-site 10+ parking spaces, with additional parking across the street in a secure municipal parking garage. The property has been occupied for the past 5 years by the current tenant under a Triple/Net lease and provides an excellent investment opportunity. Conveniently located in the heart of a redeveloped area of downtown Bloomfield, with 350 apartments across the street and an additional 600 apartments currently under construction within a 2-block radius. It is located one block away from the NJ Transit Bloomfield Avenue Station providing direct access to Midtown NYC in just 20 minutes. The property has been well maintained and is in good condition. This listing is directly by owner.

FOR SALE DETAILS

PRICE

$1,879,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

6.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Restaurant Building - Popular Area Eatery

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Fast Food

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

B2

APN/PARCEL ID

02-00153-0000-00005

ASK ABOUT THIS PROPERTY

Ariel MoralesAriel MoralesMore Info
201-421-8577

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Ariel MoralesAriel MoralesMore Info
201-421-8577

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.