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45-47 Parker Ave ave
Passaic, NJ 07055
Retail Property For Sale
EXECUTIVE SUMMARY
Turnkey Mixed-Use Property - Remodeled & Income-Producing. Don’t miss this exceptional opportunity to own a fully remodeled and well-maintained mixed-use property featuring two units: one commercial and one residential. Located in a high-demand area with excellent access to major highways and less than 30 minutes from NYC, this property offers strong visibility and convenience for both residents and businesses. The building has been extensively upgraded throughout, with modern systems and finishes. All utilities are separately metered, and the commercial tenant contributes 50% toward property taxes and insurance, enhancing the cash flow. Enjoy proximity to public transportation, parks, retail, and houses of worship, making this an attractive asset for both investors and owner-occupants alike. Owner holds an active NJ real estate license.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built
1940
Price
$875,000
Price Per SF
$437.50
Tenancy
Single
Building Height
2 Stories
Building FAR
2.09
Lot Size
0.02 AC
Opportunity Zone
Yes
Zoning
R-3 - Residential zone that allows for a variety of housing types, including single-family, two-family, and multifamily dwellings.
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