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    54 Exchange Pl Passaic, NJ 07055

    Sponsored
    For Sale
    $127,000

    High-potential retail space in Passaic, NJ

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity in Passaic, New Jersey, is listed at $127,000. Located at 0 54 Exchange Place, zip code 07055, this property presents a unique chance for entrepreneurs. While the square footage is currently listed as zero, this requires further clarification and verification. The property type is designated as retail, and the building's year of construction is not specified. The property's address is 0 54 Exchange Place, Passaic, Passaic County, New Jersey. Its geographic coordinates are latitude 40.8594208 and longitude -74.1254676. A significant advantage is the potential to establish a used car dealership and auto repair shop, complete with existing equipment. This turnkey setup offers immediate operational capabilities, eliminating the need for extensive initial investment in tools and infrastructure. The absence of specified square footage necessitates a site visit to accurately assess the space's dimensions and layout. Interested parties are encouraged to conduct thorough due diligence to confirm all property details and explore the full potential of this promising venture. This is a rare opportunity to acquire a retail space with pre-existing business infrastructure in a desirable location. Serious inquiries only.

    Property Features for 54 Exchange Pl

    General Information

    Property type
    Retail properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Passaic
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1254676
    Latitude
    40.8594208

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    FAQs

    What type of property is this?
    Retail property - High-potential retail space in Passaic, NJ
    Where is this retail property located?
    The property is located at 54 Exchange Pl Passaic, NJ.
    What is the asking price?
    The asking price for this property is $127,000.
    Request Owner's contact information
    54 Exchange Pl Passaic, NJ 07055
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    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
    54 Exchange Pl Passaic, NJ 07055
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