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176-200 Bloomfield Ave
Verona, NJ 07044

$3,095,000 USD

Land For Sale  •  1.5 AC

Property Details

  • Property Type Land
  • Lot Size 1.5 AC
  • Zoning C-1
40 Transit Score
60 Walk Score

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.

Highlights

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

Public Transportation

Commuter RailDriveWalkDistance
Walnut Street (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit)) 4 min - 1.9 mi
Watchung Avenue (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit)) 4 min - 2.1 mi
AirportDriveWalkDistance
Newark Liberty International 21 min - 12.8 mi
LaGuardia 46 min - 26.1 mi
John F Kennedy International 55 min - 34.1 mi
Darren Giordano 201-723-3300 eXp Realty
Darren Giordano 201-723-3300 eXp Realty