For Sale
$1,050,000

23 Orange St Bloomfield, NJ 07003

High-yield, train-adjacent commercial property.

Overview

Added:
Feb 3
Days on market:
83
This exceptional mixed-use property in Bloomfield, NJ, offers a compelling investment opportunity. Located on Orange Street, this 3,600 square foot building sits on a 0.07-acre lot and is conveniently situated adjacent to a train station, ensuring high visibility and accessibility. The ground floor is currently occupied by a thriving daycare center, providing a stable and consistent income stream. Above the daycare, two spacious residential apartments generate additional rental income, both currently occupied. The property is being sold "as is," presenting a chance to acquire a well-established, income-producing asset in a prime location. The combination of commercial and residential tenants creates a diversified revenue stream, mitigating risk and maximizing return on investment. High foot traffic due to the train station proximity further enhances the property's appeal and potential for future growth. This is an ideal investment for those seeking a passive income opportunity or looking to expand their real estate portfolio with a proven, established property. The property's strong tenant occupancy and strategic location make it a truly attractive investment prospect in the vibrant Bloomfield market. The asking price is $1,050,000.

Property Details for 23 Orange St

Property type
Commercial real estate
Square Feet
3,600 SF
Year Built
1914
Lot Size (sq. ft)
3,049 SF

Location Insight

City
Bloomfield
County
Essex
State
New Jersey
Latitude
40.78394
Longitude
-74.19825

FAQs

What type of property is this?
Commercial real estate - High-yield, train-adjacent commercial property.
Where is the commercial real estate located?
The property is located at 23 Orange St Bloomfield, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
How can I contact the broker?
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23 Orange St
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