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$1,650,000
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Property Description
!!! Now offered at a thoughtfully adjusted, market-driven price to reflect current buyer demand and comparable sales. !!! Bar & Market Hub - Presenting a unique opportunity to acquire a rare property that combines a fully licensed bar, retail space, and the infrastructure for a working kitchen all under one roof. This location offers a rare Broad Class C liquor license, providing tremendous flexibility to serve both food and alcohol onsite while also creating a destination for entertainment and community gatherings. For an operator with vision, this license alone opens the door to a range of profitable concepts ranging from a neighborhood tavern, sports bar, or live music venue to a culinary-driven gastropub.Currently configured as a bar with an adjacent store, the flow of the space encourages multiple revenue streams. The retail component can be repositioned for carry-out sales, specialty food offerings, or even packaged beverage sales, creating a synergy between the front-of-house and tavern operations. The combination allows an operator to not only capture customers looking for a social experience, but also those seeking convenience and quick purchases an advantage not typically found in stand-alone restaurant or bar properties.Core's is in it's third generation of operation and ownership, one family built and owned it since 1936. Bring the vision, this is your dream property.
Full Property Details
Full Property Details for 45 Franklin St
General
- Price: $1,650,000
- Taxes: $14,351 (2024)
- Status: Active
- Type: Business
- Source: Garden_State
- MLS ID: 3983179
- Updated: 1/23/2026
- Added to Site: 179 day(s) ago
Business
- Includes: Building & Business, Inventory
Additional Information
- Equipment: See Remarks
Parking
- Parking: 2 Car Width, Off-Street Parking, On-Street Parking, See Remarks
Location
- County: Essex
- Driving Directions: GS Parkway to Bloomfield Avenue, take thrid right to Franklin St, property on corner of Franklin St and Watsessing Ave.
- Location Details: Business District, Corner, Freestanding
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
- Heating Fuel: Natural Gas, Oil Tank Below Ground, See Remarks
Utilities
- Sewer: See Remarks
- Water: Public Water, See Remarks, Well
- Utility Description: See Remarks
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block, Glass
- Basement: Yes
- Basement Desc.: Bilco-Style Door, Full
- Roof: Flat
- Ceiling Height: 12
- Stories in Building: 1
- Square Feet: 2,450
- Aprox. Leasable: 2,450 Sq. Ft.
- Year Built: 1936
Lot Features
- Lot Size (Acres): 0.1
- Lot Size: 36 X 126
- Zoning: R-1B
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $673
- Assessment Amount: $423,100
- Land Assmt: $91,500
- Tax Amount: $14,351
- Tax Year: 2024
- Pays Utilities: Landlord
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: See Remarks
- APN: 1602-00424-0000-00008-0000-
- Block: 424
- Lot Number: 8
Listed by Re/Max Instyle
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Schools
Schools serving 45 Franklin St
School District:Bloomfield Township School District
| Name | Grades | Distance |
|---|---|---|
Berkeley Elementary School 351 Bloomfield Avenue, Bloomfield, NJ 07003 | PK-6 | 0.5 mi |
Bloomfield Middle School, Bloomfield, NJ 60 Huck Road, Bloomfield, NJ 07003 | 7-8 | 2.8 mi |
Bloomfield High School, Bloomfield, NJ 160 Broad Street, Bloomfield, NJ 07003 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 45 Franklin St
Date
Details
Price
Change
Source
1/23/2026
Price Increased
$1,650,000
10.15%
MLS
12/21/2025
Price Reduced
$1,498,000
-14.4%
MLS
8/25/2025
Listed
$1,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 45 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,352
6%
$423,100
—
2022
$13,548
2%
$423,100
—
2021
$13,298
-13%
$423,100
10%
2018
$15,265
2%
$385,100
—
2017
$15,034
1%
$385,100
—
2016
$14,865
1%
$385,100
—
2015
$14,730
-4%
$385,100
—
2019
$15,331
12%
$385,100
—
2013
$13,740
—
$385,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 45 Franklin St
45 Franklin St, Bloomfield, NJ 07003 (MLS# 3983179) is a Business property. 45 Franklin St is currently listed for $1,650,000 and was received on August 25, 2025. Want to learn more about 45 Franklin St? Do you have questions about finding other Business real estate for sale in Bloomfield? You can browse all Bloomfield real estate or contact a Coldwell Banker agent to request more information.

