639 Passaic Ave - Retail FOR SALE


Nutley, NJ 07110
$2,500,000 USD
973-658-5801
639 Passaic Ave, Nutley, NJ for Sale
$2,500,000 USD
Retail - FOR SALE
1/21
null | 6.6% Cap Rate

639 Passaic Ave
Nutley, NJ 07110


HIGHLIGHTS

  • Corner lot with parking available
  • Vibrant part of town with local commercial tenants nearby
  • Very accessible from NJ-3

OVERVIEW

A prime commercial real estate opportunity in the desirable Nutley, NJ area. The property is currently 100% occupied. Located in close proximity to the New York Metropolitan area, this property offers an ideal location for those who want easy access to the city while still enjoying the suburban lifestyle. The property is situated close to shopping centers, major highways, and other amenities, making it an attractive location for residents. With its current occupancy rate, this property offers a stable and predictable income stream for investors. However, the redevelopment potential offers even greater opportunities for those looking to maximize their return on investment. The addition of residential units in this prime location would provide an attractive living option for those who want to live close to the city but still enjoy a suburban lifestyle.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Day Care Center, Warehouse, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

B2, Nutley Twp

APN/PARCEL ID

16-01901-0000-00010

ASK ABOUT THIS PROPERTY

Gokhan Erkavun639 Passaic AvenueMore Info
973-658-5801

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Gokhan Erkavun639 Passaic AvenueMore Info
973-658-5801

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