Mixed-Use Building with
New
For Sale
$1,350,000
51 Central Ave, Passaic, NJ 07055
Two occupied storefronts support flexible office suites and additional leasing capacity on the second floor.
Property SizeContact for details
Days on Market6
Property Features for 51 Central Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Town Life
(201) 857-8777
Listed By:
Iris E. Huertas ()
Source:
Fortuneluxuryrealty
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 4:55PM
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 Keller Williams Town Life
Investment Insights
Based on property information with market context.
This mixed-use property at 51 Central Ave in Passaic combines two ground-floor retail storefronts with seven office suites on the second level. The storefronts measure approximately 1,140 square feet each and are currently occupied, with leases nearing renewal. Office suites range from approximately 170 to 505 square feet, and their layouts may be combined for larger professional users.
The building is positioned in Downtown Passaic along a heavily traveled commercial corridor with pedestrian and vehicle exposure. Building improvements include a flat roof updated in 2019, upgraded HVAC systems, and updated thermostats. A full basement provides additional building space. The second floor offers lease-up potential, while upcoming retail lease renewals provide an opportunity to address occupancy and rents over time.
The building is positioned in Downtown Passaic along a heavily traveled commercial corridor with pedestrian and vehicle exposure. Building improvements include a flat roof updated in 2019, upgraded HVAC systems, and updated thermostats. A full basement provides additional building space. The second floor offers lease-up potential, while upcoming retail lease renewals provide an opportunity to address occupancy and rents over time.
Key Highlights
- Two ground‑floor retail storefronts, each approximately 1,140 sq. ft.
- Seven second‑floor office suites ranging from approximately 170 sq. ft. to 505 sq. ft.
- Retail storefronts are occupied, with leases approaching renewal
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,255
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied storefronts support flexible office suites and additional leasing capacity on the second floor.
Where is this mixed-use property located?
The property is located at 51 Central Ave Passaic, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two ground‑floor retail storefronts, each approximately 1,140 sq. ft.; Seven second‑floor office suites ranging from approximately 170 sq. ft. to 505 sq. ft.; Retail storefronts are occupied, with leases approaching renewal
