Address
262 Passaic St Passaic City, NJ
Price
$ 899,000
Property Attributes
  • MLS#3732612
  • TypeCommercial
  • CountyPASSAIC
  • CityPassaic City
  • AreaPassaic City
  • Zip07055
  • StyleStore With Apartment
  • Year Built1930
  • Taxes$ 17576
  • Price$ 899,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
COREY J SCHNEIDER
Data Source:
Garden State MLS (GSMLS) - 38 - NJ
Property Description

Cash Cow! Bar & juice bar, both on 10-year leases (with bumps). Upper levels consist of 9 rented rooms with 2 common baths & two 1-bedroom apts, a 2-car garage & yard space in the rear is also rented. The bar has its own heating system and water meter. The juice bar has its own electric baseboard heat. The owner installed 3 new gas systems, one for the bar & the other two for the rented rooms & apartments. Newer baths for the rented rooms (except one shower was not upgraded) & lots of new plumbing. Roof done apx. 8 years ago. The owner has installed a CCTV system, which can be viewed via the internet. The current non-residence super is a deputy sheriff which would stay on if wanted. All the tenants have been paying during the COVID-19 pandemic. An Income & Expense sheet is attached.

Price History
8/5/2021 Listed $899,000

General Features

Basement Full
Construction Wood
Cooling See Remarks
Drive On-Street Parking
Flooring See Remarks
Heating 3 Units
Num Apts 2
Property Type Mixed Use, Store With Apartment
Property Type Store With Apartment
Roof Asphalt Shingle, Flat
Sewer Public Sewer
Tax Annual Amount 17576
Town # 2507
Township Passaic City
Utilities Electric, Gas-Natural
Zoning C-R

Interior Features

Fuel Type Gas-Natural
Num 1 Bdrm Units 2

Exterior Features

Exterior Description Vinyl Siding
Lot Dimensions 38X129
Lot Features Corner
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 07055

Price
AVG $510K
$900K
Taxes
AVG $12,107
$17,576
Visits
AVG 94
19
Year Built
AVG 1968
1930
Walkscore
AVG 87
97
Data Provided by Walkscore ® not using MLS data

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