23 Orange StBloomfield, NJ 07003

Property Details for 23 Orange St

Year built

1911

Lot size

0.07 AC

Property size (Sq ft)

3,600 SF

Zone code

B-2

Property type

Commercial real estate

APN

02 00098-0000-00005

APU

200098000000005

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $681,261

  Hospitality

  $624,031

  Educational

  $519,187

  Medical

  $537,042

  Retail

  $807,624

Location Insight

City

Bloomfield

County

Essex

State

New Jersey

Latitude

40.7839

Longitude

-74.1981

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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