$1,350,000
51 Central Avenue, Passaic, NJ, 07055
MLS# 26024406
0.057 acres (2,500 sqft)
Lot Size
Commercial — Retail
Property Type
Description
VALUE ADD INVESTMENT OPPORTUNITY. Located in the heart of Downtown Passaic, this mixed use building offers an excellent value add investment opportunity along one of the city’s busiest corridors, providing outstanding visibility, strong pedestrian traffic, and excellent vehicle exposure. The property features two approx. 1,140 sq./ft ground floor retail storefronts and seven second-floor office suites ranging from approx. 170 sq./ft. to 505 sq./ft. with flexible layouts that can be combined for larger professional users. Both retail storefronts are occupied, with leases approaching renewal, creating an opportunity to reposition rents to current market levels. The second floor offers significant lease up potential, providing a clear path to increasing occupancy and cash flow. The property has been well maintained and includes an updated flat roof (2019), updated HVAC systems, updated thermostats, a full basement. A great value add investment with immediate income and substantial upside through lease up and future rent growth.
Tax & Financial Information
| Annual Property Taxes | $22,264 (NJ Public Records) |
| Tax Assessment | $540,000 |
| Land Assessment | $118,900 |
| Listed | June 30, 2026 |
Listing Information
Listing Office: Keller Williams Town Life — 201-894-8004
Listing Agent: Iris Huertas — (201) 679-1007 — ihrealestatenj@gmail.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 7/3/2026.
Total Monthly Cost
$10,548/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $270,000 | Loan: $1,080,000
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Passaic
Main Line
Passaic Station
~0.3 mi from town center
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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