220 Hoover Ave | Bloomfield, NJ 07003
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220 Hoover Ave
Bloomfield, NJ 07003
Retail Property For Sale
Executive Summary
This charming and versatile two-story brick building, complete with a basement, is perfectly situated on a prominent corner lot. Ideal for both commercial and residential purposes, this property offers a unique blend of functionality and modern living.
The commercial space on the first floor is designed for a deli, restaurant, or catering service. It features a fully equipped kitchen ready to meet all culinary needs.
Refrigerated Walk-Ins are located in the lower level, providing ample storage for perishable goods, ensuring freshness and convenience for any food-related business.
The second floor houses a spacious and modern 3-bedroom apartment, offering a comfortable and contemporary living environment. The apartment includes a full bathroom, designed with modern fixtures and finishes. Mini split systems for heating and air conditioning ensure efficient and customizable climate control throughout the year. The apartment is equipped with double-hung windows, providing excellent ventilation, natural light, and energy efficiency. The residential space is currently leased through September 20, 2025, providing a steady income stream for the owner.
Being on a corner lot, the property benefits from high visibility and easy access, making it an attractive spot for potential customers and residents alike.
This mixed-use building is a rare find, offering a fully functional commercial space with the added benefit of a modern, leased residential apartment. Whether you're an investor seeking a property with immediate income potential or a business owner looking for a strategic location, this building delivers on all fronts. Don't miss the opportunity to own a property that combines business and living spaces in one of the most desirable locations.
The commercial space on the first floor is designed for a deli, restaurant, or catering service. It features a fully equipped kitchen ready to meet all culinary needs.
Refrigerated Walk-Ins are located in the lower level, providing ample storage for perishable goods, ensuring freshness and convenience for any food-related business.
The second floor houses a spacious and modern 3-bedroom apartment, offering a comfortable and contemporary living environment. The apartment includes a full bathroom, designed with modern fixtures and finishes. Mini split systems for heating and air conditioning ensure efficient and customizable climate control throughout the year. The apartment is equipped with double-hung windows, providing excellent ventilation, natural light, and energy efficiency. The residential space is currently leased through September 20, 2025, providing a steady income stream for the owner.
Being on a corner lot, the property benefits from high visibility and easy access, making it an attractive spot for potential customers and residents alike.
This mixed-use building is a rare find, offering a fully functional commercial space with the added benefit of a modern, leased residential apartment. Whether you're an investor seeking a property with immediate income potential or a business owner looking for a strategic location, this building delivers on all fronts. Don't miss the opportunity to own a property that combines business and living spaces in one of the most desirable locations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
C
Year Built
1930
Price
£786,912
Price Per SF
£187
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.88
Lot Size
0.11 AC
Zoning
R-1B
Parking
8 Spaces (1.9 Spaces per 1,000 SF Leased)
Frontage
53 ft on Hoover Ave
Amenities
- Bus Route
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 02-00736-0000-00010 | Improvements Assessment | £225,519 |
| Land Assessment | £102,401 | Total Assessment | £327,920 |
PROPERTY TAXES
Parcel Number
02-00736-0000-00010
Land Assessment
£102,401
Improvements Assessment
£225,519
Total Assessment
£327,920
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