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199-205 Madison St 24,000 SF 100% Leased Office Building Passaic, NJ 07055 $5,419,128 CAD ($225.80 CAD/SF)
Investment Highlights
- HEAVY FOOT TRAFFIC
- PRIME LOCATION
- CORNER LOT
Executive Summary
Exceptional Corner Commercial Property | ±24,000 SF | Private Parking | Elevator Access | PRIME LOCATION
Rare opportunity to acquire a one-of-a-kind, approximately 24,000 SQFT commercial property
The property offers a versatile layout suitable for owner-user occupancy, investment, or redevelopment
* Approximately 24,000 SF of total building area
* Two commercial spaces on the first floor, one currently as a day care, the other offering excellent flexibility for retail, service, or other commercial uses - Also part of 1st fl is a large Gymnasium for additional potential.
* Second-floor office endless space! It is suitable for professional or administrative use or Redevelopement opportunity
* Large basement providing substantial additional storage and utility space
* Elevator access serving all floors
* Private parking lot with approximately 40 parking spaces
* Prominent corner location with excellent visibility and accessibility
The property’s size, layout, parking capacity, and multi-level configuration make it exceptionally versatile for a wide range of commercial uses. Whether utilized for private business operations, multiple commercial tenants, or future redevelopment. This property presents an opportunity rarely available in the Passaic market.
Ideal for an owner-user, investor, or developer seeking a substantial commercial property with significant potential.
Rare opportunity to acquire a one-of-a-kind, approximately 24,000 SQFT commercial property
The property offers a versatile layout suitable for owner-user occupancy, investment, or redevelopment
* Approximately 24,000 SF of total building area
* Two commercial spaces on the first floor, one currently as a day care, the other offering excellent flexibility for retail, service, or other commercial uses - Also part of 1st fl is a large Gymnasium for additional potential.
* Second-floor office endless space! It is suitable for professional or administrative use or Redevelopement opportunity
* Large basement providing substantial additional storage and utility space
* Elevator access serving all floors
* Private parking lot with approximately 40 parking spaces
* Prominent corner location with excellent visibility and accessibility
The property’s size, layout, parking capacity, and multi-level configuration make it exceptionally versatile for a wide range of commercial uses. Whether utilized for private business operations, multiple commercial tenants, or future redevelopment. This property presents an opportunity rarely available in the Passaic market.
Ideal for an owner-user, investor, or developer seeking a substantial commercial property with significant potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
24,000 SF
Building Class
B
Year Built
1900
Price
$5,419,128 CAD
Price Per SF
$225.80 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,000 SF
Building FAR
1.28
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
C
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Fairly bikeable
50/100
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199-205 Madison St
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