285 Monroe St - Storefront Retail/Residential FOR SALE


Passaic, NJ 07055
$2,500,000 USD
201-708-5067
285 Monroe St, Passaic, NJ for Sale
$2,500,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 6.67% Cap Rate

NEW


285 Monroe St
Passaic, NJ 07055


HIGHLIGHTS

  • Located in a dense residential neighborhood with consistent local foot traffic.
  • Provides easy access to major roadways and nearby public transportation.
  • Surrounded by a mix of neighborhood retailers, services, and daily conveniences.
  • Positioned within an active commercial corridor with strong visibility and steady customer flow.

OVERVIEW

A Prime Mixed-Use Redevelopment Opportunity Positioned along the active Monroe Street corridor, 281–285 Monroe Street presents a rare mixed-use asset with significant redevelopment upside in one of Passaic’s steadily evolving urban submarkets. Surrounded by residential buildings, neighborhood retail, and established commercial activity, the property sits within a proven corridor benefiting from ongoing reinvestment and rising investor demand. This is a true value-add redevelopment site, ideal for developers seeking to unlock long-term value through repositioning, increased density, or ground-up redevelopment. The existing mixed-use configuration offers interim income potential, while the underlying value is driven by the site’s land position and redevelopment potential supported by local zoning. The immediate area features strong pedestrian traffic, daily convenience retail, and proximity to major transportation routes, offering seamless connectivity to Northern New Jersey employment hubs and direct access to New York City. As Passaic continues targeted revitalization along key corridors, Monroe Street remains a focal point for infill development and urban renewal, reinforcing long-term growth fundamentals and investor confidence. An exceptional opportunity for developers focused on scale, density, and long-term urban value creation.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$373 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,561 SF

ZONING

C-R

APN/PARCEL ID

07-04123-0000-00007

ASK ABOUT THIS PROPERTY

Joseph AzizPrestige Property GroupMore Info
201-708-5067

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Joseph AzizPrestige Property GroupMore Info
201-708-5067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.