15 Bloomfield Ave

Description

Prime commercial investment opportunity in a high-visibility Newark corridor! This single-story commercial building is currently occupied by an established laundromat tenant, offering immediate income potential for investors seeking a stable, low-maintenance asset. Positioned along bustling Bloomfield Avenue with strong foot and vehicle traffic, the property benefits from excellent exposure and neighborhood accessibility. Zoned C-2 (Commercial Community), this site presents exciting upside for future development. Newark zoning allows for the potential to build up to two additional floors above the existing structure (buyer to verify), creating the opportunity to significantly increase rental income or reposition the asset into a mixed-use investment. The property sits outside of a flood zone and is surrounded by dense residential housing and active neighborhood retail with tons of foot traffic, making it well-suited for long-term appreciation and redevelopment potential. Whether you're an investor seeking steady cash flow today or a developer looking for tomorrow's value-add project, this property delivers both present income and future growth.