228 Washington Pl 11,264 SF 100% Leased Retail Building Passaic, NJ 07055 $3,000,000 ($266.34/SF)

An exceptional opportunity to own the building that has been home to one of Passaic’s long-standing, well-known restaurants. Whether you’re an experienced restaurateur looking to expand or an entrepreneur ready to launch your own concept, this property offers the perfect combination of an established location right in downtown district. The sale includes a spacious dining area with seating for approximately 200 guests, a fully equipped commercial kitchen, an inviting bar area, AND liquor license—offering tremendous value and allowing you to hit the ground running. Ideally positioned in the heart of downtown, the property benefits from exceptional visibility, strong daily vehicle and pedestrian traffic, and is just steps from the bustling shopping district. Convenient municipal parking is located immediately next door, providing easy access for customers and staff alike. Surrounded by established businesses, schools, residential neighborhoods, and public transportation, this location offers a steady customer base with endless potential. This property also brings value with redevelopment potential. The second floor offers the possibility of creating approximately 4–6 residential units (subject to municipal approvals), providing an excellent opportunity for additional rental income and long-term appreciation. The property is also located within Redevelopment Zone, offering exciting possibilities for future improvements and investment incentives. Whether you continue the legacy of a successful restaurant, introduce a new dining concept, or explore another permitted commercial use, this property offers the location, infrastructure, and exposure to help your business thrive.