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142 Passaic St 3,500 SF 100% Leased Retail Building Passaic, NJ 07055 $950,000 ($271.43/SF)
Investment Highlights
- Situated in the heart of Passaic, NJ, offering excellent visibility and easy access to major thoroughfares.
- Close proximity to dense residential neighborhoods and local commerce.
- On-site or nearby parking options to accommodate visitors and residents
- Close to restaurants, shops, and community services, enhancing convenience for tenants.
Executive Summary
Fully renovated, 100% leased three-story mixed-use property featuring new plumbing, heating, and electrical systems. The restaurant space was recently refreshed, and the driveway has new pavers. All utilities are separate. Property also includes a detached 2 car garage that is currently being used as a storage warehouse.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,500 SF
Building Class
C
Year Built
1960
Price
$950,000
Price Per SF
$271.43
Percent Leased
100%
Building Height
3 Stories
Building FAR
0.09
Lot Size
0.90 AC
Opportunity Zone
Yes
Zoning
C-R
Walk Score®
Walker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-01013-0000-00032 | Improvements Assessment | $246,000 |
| Land Assessment | $110,200 | Total Assessment | $356,200 |
Property Taxes
Parcel Number
07-01013-0000-00032
Land Assessment
$110,200
Improvements Assessment
$246,000
Total Assessment
$356,200
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142 Passaic St
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