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INVESTMENT HIGHLIGHTS
- . Conveniently located near schools, restaurants & worship.
- Near All major Highways: Route 3,17,21,23,46,80 & Garden State Pkw. Bus on Corner & Train.
EXECUTIVE SUMMARY
Prime Passaic Park Location 4/5 units "Mixed-Use Commercial Property W/ 2 Buildings & Parking. Situated in the heart of Passaic Park, this unique commercial property (C-R zone) offers an incredible investment opportunity. Newer Roof: Recently replaced with a 10-year warranty. The property includes a 2.5-story mixed-use building with 4 units (1 needing renov), Drs office, Attic (to be finished)&an attached house of worship. Main Building Features:1st Floor: Currently a Drs office with a lobby, approx. 6 offices, bath & central air. -2nd Floor: Unit 2- 1.5 bedrooms, living room, kitchen, & bath (currently being rented) . Additional Unit (Vacant " Needs Renovation): 1 bedroom, kitchen, and bath (thermostat ). Attic (3rd Floor): Potential for possible additional living space/currently 2 rooms with closets, ready for renovation. Boasts: Oversized Bsmnt: High ceilings, easy to finish or use for additional use or storage. 2nd Building "House of Worship: Amazing Single-story w/ fin Bsmnt , clean & bright space, currently rented&Lease expires 12/25, providing flexibility for investors. Buyers will purchase property with existing tenants and can evaluate options post-sale. Big parking lot Newly Paved for approx 10+ cars. Survey& disclosures available. Buyer responsible for the Temp CO & Smoke Cert. Accessibility: Walk to schools, restaurants, & places of worship. Close t0 Highways.Public trans: Bus on the corner, train stations at Passaic Ave & Delawanna. Seller is motivated! Contact Agent for more Information.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,600 SF
Building Class
C
Year Built
1980
Price
$1,699,000
Price Per SF
$369.35
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.88
Lot Size
0.12 AC
Zoning
C-R
Parking
5 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
37’ on Main Ave
AMENITIES
- Bus Line
- Freeway Visibility
- Signage
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-01290-02-00001 | Improvements Assessment | $204,300 |
| Land Assessment | $170,300 | Total Assessment | $374,600 |
PROPERTY TAXES
Parcel Number
07-01290-02-00001
Land Assessment
$170,300
Improvements Assessment
$204,300
Total Assessment
$374,600
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