Prime Retail/Commercial Two-Story Elevator Building

Description

Bankruptcy Auction: Presenting a unique rehab opportunity of a former commercial bakery with a retail storefront and a spacious apartment on the second floor, situated on a .14-acre lot in the vibrant “Watsessing” neighborhood of Bloomfield, NJ. This property offers a rare blend of commercial and residential potential in a thriving community. The neighborhood is undergoing significant development, with new commercial and residential projects enhancing the area’s appeal and increasing property values. The property's strategic location ensures easy access to public transportation, major highways, and nearby urban centers, making it an attractive option for both businesses and residents.  Qualifying Bids Due By August 19th - See Summary Terms.

The ground-floor retail space offers an excellent opportunity for a variety of businesses, benefiting from the high visibility and steady stream of potential customers from the surrounding area. The second-floor apartment provides a comfortable living space, perfect for an owner-operator or as an additional rental income source. (Please check with zoning to ensure your intended use is permitted). Building has an elevator and a partial basement.