102 Summer St Passaic, NJ 07055

This is a three-unit automotive repair facility with 7,400 square feet of building space on a 14,050 square foot lot. Each of the three individual repair bays is equipped with its own private half bathroom, making the units self-contained. One unit, the largest, is located at 102 Summer Street and is rented for $3,400 per month. The other two units are located at 95 Burgess Street; the smaller unit is rented for $1,800 per month, and the larger side is rented for $2,700 per month. The total current monthly rent is $7,900. Two of the three leases have expired, presenting an immediate opportunity for lease renewal at market rates or replacement with new tenants. The third lease is set to expire on September 30, 2025. The property has an 8% cap rate based on current income and strong value-add potential by increasing below-market rents. It features a functional layout with individual restrooms and clear bay separation. This property is located in Passaic City, NJ, and offers both steady cash flow and upside potential through improved lease terms. It is an excellent opportunity for an owner-user or investor in a high-demand commercial sector.