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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. Restaurant rent has annual increases. Currently two apartments and the Commercial garage are month to month and ready for rent increases.
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
Exceptionally walkable
100/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
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