SQUARE FEET6,708
MLS#4026546
STATUS
PROPERTY TYPECommercial - Business
Property Description
A Prime Mixed-Use Redevelopment OpportunityPositioned 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.
Property Features
Property Type: Commercial - Business
Cooling: Wall A/C Unit(s), Window A/C(s)
Fuel Type: Gas-Natural, See Remarks
Lot Size: 0.17 Acres
Taxes: $10,713
Year Built: 1925
Feature Descriptions
Days on Site: 5
Lot Dimensions: 0.17 acre(s)
Max Door height: 0
Utilities: Electric, Gas-Natural
Listed By / Shown By
Listed By
Agency Name: PRESTIGE PROPERTY GROUP MONTCLAIR
Agency Contact: 973-860-7595
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
285 Monroe St | MLS# 4026546
This commercial property located at 285 Monroe St, Passaic, NJ 07055 is currently listed for sale with an asking price of $2,500,000. Search Passaic real estate on www.realtymark.net today.