Mixed-Use Building with Retail
For Sale
Contact for pricing
898 Main Ave, Passaic, NJ 07055
C-R-zoned mixed-use building with space for retail establishments.
Property Size6,794 SF
Price / SF$272.30
Days on Market50
Property Features for 898 Main Ave
General Information
Standard status
Active
Size
6,794 SF
Property subtype
Mixed Use
Zoning
C-R
Net Operating Income
$127,049
Building Details
Year Built
1960
Buildings
1
Units
8
Tenancy
Multi
Listing Agency:
KW Commercial
Listed By:
Bruce Elia · License #NJ 0893523
Source:
Crexi
Added: Aug 31
Changed: Oct 14
Last Checked: Oct 16 at 6:39AM
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 KW Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a 6,794-square-foot mixed-use building at 898 Main Ave in Passaic, New Jersey. Built in 1960, the asset carries C-R zoning and offers space for retail establishments.
Its classification and commercial configuration support consideration by users seeking a retail-oriented property with mixed-use characteristics.
Its classification and commercial configuration support consideration by users seeking a retail-oriented property with mixed-use characteristics.
Key Highlights
- 6,794 SF mixed‑use building
- C‑R zoning
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,973
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,939,460
$1.9M
Cap Rate 7%
$1,385,329
$1.4M
Cap Rate 9%
$1,077,478
$1.1M
Market Conditions
NOI Build-Up for 6,794 SF
Gross rent
$146.8K $21.60/SF
− Vacancy
−$8.2K −$1.21/SF
EGI
$138.5K $20.39/SF
− OpEx
−$41.6K −$6.12/SF
NOI
$97.0K $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%
$1,939,460
Cap Rate 7%
$1,385,329
Cap Rate 9%
$1,077,478
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $96,973 @ 7.0% cap · market cap 5.24%
Second Best
Mixed Use
$1.21M
$1.05M – $1.41M
NOI $84,381 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,183 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,194
Businesses Nearby
139k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 24%
Home Improvements & Furnishings 8%
Electronics 4%
McDonald's
Dining
26,851 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
23,822 visits/mo
0.2 miles
7-Eleven
Shops & Services
15,297 visits/mo
0.5 miles
Dunkin' Donuts
Dining
13,000 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
11,682 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-R-zoned mixed-use building with space for retail establishments.
Where is this mixed-use property located?
The property is located at 898 Main Ave Passaic, NJ.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 6,794 SF mixed‑use building; C‑R zoning; Built in 1960
