Farrand St – Bloomfield, NJ

Introducing a remarkable Development Opportunity in Bloomfield for the high-level developer seeking the best in investment opportunities. This property is uniquely positioned amid a hive of new construction developments, adding significant value and future potential. 

This property stretches over 76,000 square feet and offers the potential to develop approximately 150-200 units. Currently, it hosts warehouse and industrial space, housing three electrical component businesses, all owned by the building owner.

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  • 3D Tour: Click Here
  • Lot Size: 1.79 acres (77,972.4 sqft)
  • Interior: 75,872 sqft (3 Stories)
  • Zoning: BCRD-2 (Bloomfield Center Redevelopment Plan 2)
  • Year Built: 1947
  • Annual Property Taxes: $109,342.80
  • Base Flood Elevations Determined

After closing, the owner is open to a lease-back agreement for up to three years, providing a seamless transition and immediate income stream. The existing structure holds the potential for retrofitting, eliminating the need for demolition and offering more versatile development options.

Please note, we are not the listing agents for this property but have obtained explicit permission to market it. Viewings will be arranged strictly for serious buyers who have demonstrated proof of funds. This is a distinctive opportunity that speaks to the savvy investor – it represents the gold standard of development potential in a rapidly evolving area.

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