Retail Storefront
45 Prospect Street Passaic, NJ 07055
45 Prospect Street, Passaic, NJ, 07055
Contact for pricing
For Sale
Contact for pricing
For sale retail storefront on Prospect Street, offering a straightforward option for tenants and investors needing street-level space.
Property Size4,500 SF
Price / SF$222.22
Days on Market46
Property Features for 45 Prospect Street
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1948
Listing Agency
Clifton CRE
Listed by
Meir Mizrachi · License #NJ 1861520
Source
Crexi
Added: Jun 1 Checked: Jul 16 at 10:36 am
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 Clifton CRE
Investment Insights
Based on property information with market context.
This listing offers a retail storefront property for sale, positioned for businesses that benefit from direct street-level presence. The asset is identified as a retail space within the broader commercial retail category and is being marketed for buyers seeking a manageable retail format.
The property is located at 45 Prospect Street in Passaic, New Jersey. No additional site details are provided in the available information, so prospective buyers and brokers should confirm the specific layout, condition, and any improvements during their due diligence.
As a retail storefront, this property can be a practical fit for operators looking to establish a customer-facing location or for investors interested in acquiring a defined retail asset. Because the provided materials do not specify tenancy, unit configuration, or lease terms, interested parties should request the full offering package to evaluate how the space can be used, maintained, and monetized to align with their business or investment objectives.
The property is located at 45 Prospect Street in Passaic, New Jersey. No additional site details are provided in the available information, so prospective buyers and brokers should confirm the specific layout, condition, and any improvements during their due diligence.
As a retail storefront, this property can be a practical fit for operators looking to establish a customer-facing location or for investors interested in acquiring a defined retail asset. Because the provided materials do not specify tenancy, unit configuration, or lease terms, interested parties should request the full offering package to evaluate how the space can be used, maintained, and monetized to align with their business or investment objectives.
Key Highlights
- Retail storefront for sale on Prospect Street
- Year built: 1948
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.2k | $21.60 |
| − Vacancy | −$5.4k | −$1.21 |
| EGI | $91.8k | $20.39 |
| − OpEx | −$27.5k | −$6.12 |
| NOI | $64.2k | $14.27 |
4,500 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$917.6K
$802.9K – $1.07M
NOI $64,230 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,253 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- John's Flowers — 176 Broadway, Passaic, NJ 07055
- Ely's Flowers LLC — 176 broadway, passaic, nj 07055
- Bouquet Florist — 151 Broadway, Passaic, NJ 07055
- Delightful Flowers — 164 Passaic St, Passaic, NJ 07055
- Floristeria El Paraiso — 176 Broadway, Passaic, NJ 07055
FAQs
What type of property is this?
Storefront property - For sale retail storefront on Prospect Street, offering a straightforward option for tenants and investors needing street-level space.
Where is this storefront property located?
The property is located at 45 Prospect Street Passaic, NJ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Retail storefront for sale on Prospect Street; Year built: 1948
