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    1 Market St Passaic, NJ 07055

    For Sale
    $25,455,420

    272,500 SF industrial building on 2.44 acres for sale.

    Property size:
    40,000 SF
    Lot size:
    1.82 Acres

    Property Features for 1 Market St

    General Information

    Size
    40,000 SF
    Lot size
    1.82 Acres

    Source: Marcus & Millichap | New Jersey Agent Shane Sullivan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Building with Heavy Power

    The property features a total building size of approximately 272,500 square feet situated on approximately 2.44 acres. It is equipped with gas suspended heating and a wet sprinkler system. The building has heavy power capabilities. Loading is facilitated by 8 loading docks and 1 drive-in door. There are 3 internal freight elevators. The floor load capacity is 300 pounds per square foot on floors 1 through 5. Zoning is industrial, and parking is available. Tenant improvements will include lighting, signage, bathrooms, and office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Custom Hitches Self Storage Moving Supplies Boxes, U-Box at U-Haul, Self-Storage at U-Haul, CubeSmart Self Storage, Prime Storage

    Location Insight

    • Map
    • Local Demand
    City
    Passaic
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.116976
    Latitude
    40.860446

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    FAQs

    What type of property is this?
    Warehouse - 272,500 SF industrial building on 2.44 acres for sale.
    Where is this warehouse located?
    The property is located at 1 Market St Passaic, NJ.
    What is the asking price?
    The asking price for this property is $25,455,420.
    What are key features of this property?
    This property features: - ± 272,500 SF Total Building Size; - Heavy Power; - 8 Loading Docks / 1 Drive – In
    (201) 742-6100
    Request Owner's contact information
    1 Market St Passaic, NJ 07055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Market St Passaic, NJ 07055
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