40 Columbus Street, Bloomfield, NJ 07003 For Sale

THE ASSET: 40 Columbus Street is a vacant single tenant Property that consists of a 2,500 square foot freestanding building with 100 feet of frontage along Alva Street and 25 feet of frontage along Columbus Street on a 2,496 square foot (0.06-acre) corner parcel of land. The building features 14’ ceilings, one roll-up overhead door, a dedicated loading zone, a small office, a bathroom, and security cameras. The roof is approximately 9 years old and the Property offers one parking space.

ZONING: The Property is zoned R-2B which is designated as a single- and two-family residential zone. This zone allows for both single-family detached dwellings and two-family dwellings. It is part of the broader Two-Family Residential Medium Density District, which also includes the R-2A zone. This district is characterized by established medium-density residential uses, often with two-family homes on lots around 5,000 square feet and sometimes smaller, 4,000 square foot lots.

STRATEGIC LOCATION: The Property is positioned the the intersection of Alva Street and Columbus Street and is seconds from Bloomfield Avenue, the area’s primary commercial and commuter corridor. The Property is a short walk from local and national retailers (Home Depot, Stop & Shop, SuperFresh Food World, Marshalls, ALDI) and restaurants (McDonald’s, Chipotle, Wendy’s, Popeye’s, Dunkin’) in the area, as well as schools and the Clara Maass and Hackensack Meridian Mountainside and Medical Centers.

TRANSIT ORIENTED LOCATION: The Property is a short walk (0.4 miles) from Grove Street and Silver Lake Light Rail Stations (NLR) and 0.9 miles from the Watsessing Train Station connecting the area with midtown Manhattan (Penn Station), and 3.5 miles from Newark’s Penn Station. The Property also benefits from its proximity to numerous municipal bus lines, interstates and state highways including The Garden State Parkway (1.2 miles), Interstate 280 (2 miles), NJ Route 21 (2 miles) and NJ Route 3 (5-miles).

STRONG DEMOGRAPHICS: Over 53,300 people live within 1-mile of the Property with an average household income of $94,027. An impressive 433,300 people live within 3-miles of the Property with an average household income of $103,111. Additionally, there are more than 124,400 employees within 3-miles of the Property.

RETAIL TRADE AREA: Notable businesses, restaurants and retailers driving traffic to the area include Clara Maass Medical Center (Hospital), SuperFresh Food World, Stop & Shop, Home Depot, Aldi, Marshalls, Staples, Walgreens, AutoZone, Advance Auto Parts, Mavis, Family Dollar, Chipotle, McDonald’s, Wendy’s, Burger King, Popeyes, Jersey Mike’s, Dominos, Wing Stop, Dunkin’, and 7-Eleven.