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Commercial Sale For Sale

51 Central Avenue, Passaic, NJ 07055

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Property 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.

Basic Details
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
26024406
Price:
$1,350,000
Status:
Active
Office Name:
Keller Williams Town Life
Agent Name:
Iris
Features
Architectural Style:
Retail
Utilities:
O/See Rmks
Address Map
Country:
US
State:
NJ
County:
PASSAIC
City:
Passaic
Zipcode:
07055
Street:
Central
Street Number:
51
Street Suffix:
Avenue
Longitude:
W75° 52' 17''
Latitude:
N40° 51' 52.7''
Additional Information
On Market Date:
2026-06-30
Financial
Tax Annual Amount:
22993
Listing Information
List Agent Mls Id:
1009674
List Office Mls Id:
2663
Mls Status:
Active
Modification Timestamp:
2026-07-03T19:49:47Z
Originating System Name:
njmls
Status Change Timestamp:
2026-06-30
Commercial Sale For Sale
Listing ID:
26024406
$1,350,000
Agent info
Contact Agent

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