Price :
Square Feet :
Cap Rate :
$1,834,000
4,980
6.25%
NOI :
Acres :
$114,632
0.07
Property Type :
Property Status :
Mixed-Use
Available
TENANTS
• Taste of Korea – ground-floor restaurant tenant strategically positioned steps from the Watsessing Train Station, benefiting from constant commuter foot traffic and strong daytime activity
• Location-driven tenancy supported by a Walk Score of 81 and approximately 10,000 vehicles per day along Watsessing Avenue
• One Stop Convenience – ground-floor convenience retail tenant directly aligned additionally to commuter traffic and surrounding residential density
• Both retail tenants occupy highly visible, transit-oriented space at one of Bloomfield’s most trafficked commuter nodes
• Two (2) residential apartment units, each configured as four-bedroom layouts, located above the retail component
• Large-unit configuration supports strong rental demand and durable residential income in a transit-adjacent location
LEASES
• Taste of Korea has approximately 4.5 years remaining on its lease, expiring May 2029, with one (1) five-year renewal option
• Tenant operates under a net lease, reimbursing its pro rata share of real estate taxes and paying all other operating expenses directly
• One Stop Convenience has approximately 5 years remaining on its lease, expiring March 30, 2030
• Tenant reimburses real estate taxes above a 2025 base year and pays all other operating expenses directly
• Two (2) four-bedroom apartments leased on year-to-year terms
• Residential income complements the retail cash flow while maintaining minimal management complexity
BUILDING
• 4,980 SF mixed-use building with ground-floor retail and residential units above
• Additional 2,490 SF of basement space offering storage or future repositioning potential (not included in SF)
• Originally constructed in 1913 and renovated in 2024
• Two-story structure plus basement
• Irreplaceable transit-oriented asset directly adjacent to the Watsessing Train Station, effectively sharing a wall with the station
LOCATION / MARKET
• Immediately next door to the Watsessing Train Station, offering direct NJ Transit service and constant commuter foot traffic
• Prime transit-oriented location in Bloomfield, NJ, benefiting from daily ridership and surrounding residential density
• Surrounded by neighborhood retail, restaurants, and residential uses supporting consistent demand
• Exceptional positioning for long-term retail viability given its step-out-of-the-train visibility and access