For Sale
For Sale
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Total Building Size
2,556 RSF
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Overview
Opportunity Knocks! This 3 tenant retail property on Broadway in the heart of
Passaic, a town that is rapidly growing with re-development opportunities as
demographics shift, residential increases and businesses grow Stable rents from
long term tenants support this property with positive cash flow. The property
highlights 15 parking spaces in rear along with street parking and has close
proximity to public transportation. Wonderful value-add property suggests addition
of 1-2 floors resulting in residential and/or mixed use development.
Property Details
Retail For Sale
Opportunity Knocks! This 3 tenant retail property on Broadway in the heart of
Passaic, a town that is rapidly growing with re-development opportunities as
demographics shift, residential increases and businesses grow Stable rents from
long term tenants support this property with positive cash flow. The property
highlights 15 parking spaces in rear along with street parking and has close
proximity to public transportation. Wonderful value-add property suggests addition
of 1-2 floors resulting in residential and/or mixed use development.
- Property TypeRetail
- Submarket
- Sale Price$985,000
- Total Building Size2,556RSF
- Total Acres0.11
- Cap Rate4.0%
- Property ID2090082