550 Bloomfield AveVerona, NJ 07044

  • Other commercial real estate
  • 5,384 SF
For Sale
$550,000 View listing

Property Details for 550 Bloomfield Ave

Year built
1900
Lot size
0.23 AC
Property size (Sq ft)
5,384 SF
Property type
Other commercial real estate
APN
20 01703-0000-00069
APU
2001703000000069

Description

This exceptional business opportunity presents the chance to acquire a highly successful Don Chicken franchise located at 550 Bloomfield Avenue in Verona, New Jersey. Situated in the heart of Verona, this restaurant enjoys a prime location directly across from Verona Park and conveniently close to the middle school. This ensures high visibility and accessibility to a large customer base. The property benefits from its own private parking lot, supplemented by adjacent municipal parking, ensuring ample parking for patrons. The surrounding area boasts numerous stores and local businesses, contributing to significant foot traffic and a strong, established customer base. The Don Chicken franchise itself has cultivated an excellent reputation, evidenced by over 150 five-star Google reviews, showcasing its commitment to delicious fried chicken and exceptional customer service. This turnkey operation is a well-established business with strong community ties and significant potential for future expansion. The sale includes the established franchise, allowing for immediate operation and revenue generation. This is a rare opportunity to own a thriving business in a desirable and high-traffic location. The asking price is $550,000. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,018,863
    Hospitality
    $933,273
    Educational
    $776,472
    Medical
    $803,177
    Retail
    $1,207,846
550 Bloomfield Ave, Verona, New Jersey

Location Insight

City
Verona
County
Essex
State
New Jersey
Latitude
40.8319
Longitude
-74.2449
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$30,089
$491,600
$513,700
$1,005,300
-
$491,600
$513,700
$1,005,300

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