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Informations principales sur l'investissement

  • Redevelopment Framework in Place – Redevelopment plan approved for a 28-unit multifamily residential development,providing a clear path toward future
  • Strong Investment Potential – Rare opportunity to develop multifamily housing in a highly desirable Essex County market with limited available land
  • Prime Verona Location – High-visibility 1.56-acre corner parcel at Bloomfield Ave & Westview Rd., minutes from Verona, Montclair, shopping & commuting

Résumé analytique

Prime redevelopment opportunity in the heart of Verona. This approximately 1.56-acre site (68,127 SF) occupies a highly visible corner location at Bloomfield Avenue and Westview Road and benefits from a recently executed settlement agreement supporting the development of a 28-unit inclusionary multifamily community. The plan proposes a three-story residential building with 28 apartment units, 36 on-site parking spaces, and associated site improvement. Situated within close proximity to Verona's downtown business district, restaurants, shopping, and major commuter routes, the property offers developers, investors, and end-users a rare opportunity to capitalize on a well-located residential development site in one of Essex County's most desirable communities. The settlement framework establishes key development parameters, including residential density, parking requirements, building standards, and affordable housing compliance, creating a clear path toward redevelopment. With the groundwork already laid, all that's left is to bring your vision and start building your next investment opportunity.
Property is identified as Block 202, Lots 1 and 23 and contains approximately 68,127 square feet (1.56 acres) with frontage along Bloomfield Avenue and Westview Road.

Informations sur l’immeuble

Prix 2 711 901 €
Type de vente Investissement
Condition de vente Projet de requalification
Nb de lots 1
Type de bien Terrain
Sous-type de bien Terrain commercial
Usage proposé
Commercial
  • Local commercial
  • Bureau
  • À usage mixte
  • Logement
  • Lots d’appartement
  • Vitrine, local commercial ou résidentiel
Surface totale du lot 0,61 ha
Zonage C-1 - Redevelopment-zoned site permitting a 28-unit inclusionary multifamily residential development with associated parking and site improvements.

1 Lot disponible

Lot 1 & 23

Prix 2 711 901 €
Prix par ha 4 467 501,98 €
Surface du lot 0,61 ha

Rare 68,127 SF (1.56-acre) corner parcel in Verona featuring excellent visibility, strong traffic exposure, and easy access to downtown amenities, public transportation, and major commuter routes. Ideal redevelopment opportunity.

Description

Rare Verona redevelopment opportunity. This approximately 1.56-acre (68,127 SF) corner property offers a unique opportunity for developers, builders, and investors seeking a multifamily residential project in one of Essex County's most desirable communities. Located at the intersection of Bloomfield Avenue and Westview Road, the site benefits from excellent visibility, strong demographics, and convenient access to shopping, dining, public transportation, and major commuter routes. The property is subject to a settlement agreement and redevelopment framework contemplating a 28-unit inclusionary multifamily residential development with on-site parking and associated site improvements. Positioned in a highly desirable location near Verona's downtown district and neighboring Montclair, the site presents a compelling opportunity to capitalize on continued demand for quality residential housing in Northern New Jersey. Buyer responsible for conducting all due diligence regarding zoning, redevelopment requirements, approvals, permits, and development potential.

Moyennement praticable à pied
60/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun relativement accessibles
40/100
Moyennement praticable en vélo
60/100

Taxes foncières

Taxes foncières

Numéro de parcelle
20-00202-0000-00023
Évaluation du terrain
515 831 €
Évaluation des aménagements
0 €
Évaluation totale
515 831 €
  • ID de l’annonce: 40913608

  • Date de mise sur le marché: 13/06/2026

  • Dernière mise à jour:

  • Adresse: 176-200 Bloomfield Ave, Verona, NJ 07044

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