Corner Storefront with Fenced
For Sale
$450,000
337 Oak St #1, Passaic, NJ 07055
The partially renovated interior has bathroom plumbing, HVAC ductwork, and rough-in lighting in place.
Property Size1,200 SF
Price / SF$375
Days on Market62
Property Features for 337 Oak St #1
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Zoning
COMMERCIAL-4A
Net Operating Income
$24,212
Additional Details
Corner Location
Yes
Building Details
Building Size
1,200 SF
Year Built
1950
Buildings
1
Stories
1
Units
1
Listing Agency:
Coldwell Banker Realty
(973) 694-8000
Listed By:
Anderson Espinosa
Source:
Cammarotarealestate
Added: Aug 23
Changed: Oct 22
Last Checked: Oct 22 at 2:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding corner storefront was built in 1950 and contains 1,200 square feet. Originally configured for retail, the building is under construction; bathroom plumbing, HVAC ductwork, and rough-in lighting are in place, while flooring remains to be installed. A partial basement is accessed through a Bilco door, and the property is zoned COMMERCIAL-4A.
A fenced yard sits behind the building. Permits are in place, and the property is offered as-is. A billboard is attached to the building and carries a small tax obligation.
A fenced yard sits behind the building. Permits are in place, and the property is offered as-is. A billboard is attached to the building and carries a small tax obligation.
Key Highlights
- Freestanding corner storefront with 1,200 square feet
- Under construction; flooring remains to be installed
- Bathroom plumbing and HVAC ductwork are in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,128
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,560
$342.6K
Cap Rate 7%
$244,686
$244.7K
Cap Rate 9%
$190,311
$190.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$24.5K $20.39/SF
− OpEx
−$7.3K −$6.12/SF
NOI
$17.1K $14.27/SF
Area
Passaic County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,560
Cap Rate 7%
$244,686
Cap Rate 9%
$190,311
Alternative Uses
Best Use
Retail
$244.7K
$214.1K – $285.5K
NOI $17,128 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.3K
$274.2K – $365.6K
NOI $21,934 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,154
Businesses Nearby
233k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 34%
Groceries 13%
Apparel 12%
Superfresh
Groceries
30,748 visits/mo
0.4 miles
McDonald's
Dining
26,851 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
23,822 visits/mo
0.2 miles
Chase Bank
Shops & Services
16,728 visits/mo
0.5 miles
7-Eleven
Shops & Services
15,297 visits/mo
0.3 miles
Demographics for 07055, NJ
70,518
Population
21,019
Households
3.4
Avg Household Size
32
Median Age
17%
College-Educated
67%
High-School Grad
3.1 sq mi
ZIP Area
22,748
Density / Sq Mi
$56,780
Median Household Income
$30,935
Median Earnings
$1,392
Median Rent
$406,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- John's Flowers — 176 Broadway, Passaic, NJ 07055
- Ely's Flowers LLC — 176 broadway, passaic, nj 07055
- Floristeria El Paraiso — 176 Broadway, Passaic, NJ 07055
- Bouquet Florist — 151 Broadway, Passaic, NJ 07055
- 1800 flowers — 343 Monroe St, Passaic, NJ 07055
Frequently Asked Questions
What type of property is this?
Storefront property - The partially renovated interior has bathroom plumbing, HVAC ductwork, and rough-in lighting in place.
Where is this storefront property located?
The property is located at 337 Oak St #1 Passaic, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Freestanding corner storefront with 1,200 square feet; Under construction; flooring remains to be installed; Bathroom plumbing and HVAC ductwork are in place
