The small town of Verona sits in a prime spot between Montclair and West Orange, making it a gem for commercial real estate investors. But before you jump into this market, you’ll need to learn the rules that govern commercial property use in this Essex County township.
Getting to know Verona’s business districts
Verona splits its business areas into three main zones. The Town Center runs along Bloomfield Avenue, where shops and restaurants create a lively downtown feel. The Extended Town Center spreads outward from this core, while the Community Commercial zone serves other parts of town. Each zone has its own rules about what you can build and how you can use the land.
Rules you need to follow
Here are the key points that will affect your investment choices:
- Building size limits change based on lot size and zone location.
- Most areas require one parking spot for every 200 square feet retail space.
- Buildings can’t go higher than three stories in most business zones.
- Your building must sit back a certain distance from streets and other properties.
- Signs must meet size and style rules that protect the town’s look.
What this means for your investment
The town board meets twice monthly to look at new business plans. These meetings offer a great chance to learn how rules apply to your property ideas. Local officials want to keep Verona’s small-town charm while letting businesses grow and thrive.
Recent changes to town rules have made it easier to mix shops and apartments in the same building. This opens new doors for investors who want to create modern spaces while keeping the town’s historic feel intact.
Before you buy any commercial property in Verona, talk to a local real estate lawyer who knows these rules well. They can help you avoid costly mistakes and make sure your plans fit within the town’s guidelines. The extra time spent learning these rules now can save you money and hassle later.