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$425,000
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Property Description
Prime commercial investment opportunity in a high-visibility Newark corridor! This single-story commercial building is currently occupied by an established laundromat tenant, offering immediate income potential for investors seeking a stable, low-maintenance asset. Positioned along bustling Bloomfield Avenue with strong foot and vehicle traffic, the property benefits from excellent exposure and neighborhood accessibility. Zoned C-2 (Commercial Community), this site presents exciting upside for future development. Newark zoning allows for the potential to build up to two additional floors above the existing structure (buyer to verify), creating the opportunity to significantly increase rental income or reposition the asset into a mixed-use investment. The property sits outside of a flood zone and is surrounded by dense residential housing and active neighborhood retail with tons of foot traffic, making it well-suited for long-term appreciation and redevelopment potential. Whether you're an investor seeking steady cash flow today or a developer looking for tomorrow's value-add project, this property delivers both present income and future growth.
Full Property Details
Full Property Details for 15 Bloomfield
General
- Sold For: $425,000
- Taxes: $5,008
- Status: Closed
- Type: Retail
- Source: NJMLS
- MLS ID: 26005592
- Added to Site: 106 day(s) ago
Rental Information
- Rent Includes: None
Location
- Area: Newark
- County: ESSEX
Heating & Cooling
- Heating Type: Central Air, Gas, Hot Air
Utilities
- Utility Description: Other (See Remarks)
Structural Information
- Architectural Style: Retail
- Description/Design: Ctrl Bus
Water Features
- Water Front Desc.: None
Financial Considerations
- Tax Amount: $5,008
Disclosures and Reports
- Ownership: Private
- Flood Zone: None
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Schools
Schools serving 15 Bloomfield
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Franklin Elementary School, Newark, NJ 42 Park Avenue, Newark, NJ 07104 | PK-4 | 0.3 mi |
McKinley Elementary School, Newark, NJ 1 Colonnade Place, Newark, NJ 07104 | K-4 | 0.5 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 0.6 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 0.3 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 0.5 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 1.9 mi |
Dr. William H. Horton Elementary School 291 North 7th Street, Newark, NJ 07107 | 5-8 | 0.9 mi |
Dr. E. Alma Flagg Elementary School 150 Third St, Newark, NJ 07104 | K-4 | 0.9 mi |
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107 | K-4 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15 Bloomfield
Date
Details
Price
Change
Source
4/16/2026
Sold
$425,000
-13.27%
MLS
2/16/2026
Listed
$490,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
15 Bloomfield, Newark, NJ 07104 (MLS# 26005592) is a Retail property that was sold at $425,000 on April 16, 2026. This property was listed by Luis Davila from our Clifton Office.Want to learn more about 15 Bloomfield? Do you have questions about finding other Retail real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.


