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    53 Central Ave Passaic, NJ 07055

    For Lease
    $16 SF/Yr

    Spacious Warehouse, Ideal Location

    Lot size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 22,000 square foot warehouse, located at 53-57 Central Avenue in Passaic County, presents a unique investment opportunity. Built in 1950, the property boasts a single-tenant occupancy with 4,000 square feet currently vacant, offering immediate potential for expansion or lease. The warehouse features a convenient 4,000 LBS freight elevator directly accessing the loading dock, streamlining logistics and efficiency. Modern upgrades include energy-efficient LED lighting and suspended gas blowers, ensuring a comfortable and productive work environment. Abundant natural daylight floods the space, complemented by attractive wood flooring. Safety is prioritized with a fully installed sprinkler system. The property's strategic location offers excellent visibility and accessibility, situated just half a block from Monroe Street and directly across from a Dollar General store, ensuring high foot traffic and convenient access for employees and clients. This warehouse is perfect for businesses seeking a well-maintained, functional space with modern amenities in a prime location. The vacant 4,000 square feet provides immediate opportunity for customization to suit specific operational needs. The property's size and features make it suitable for a variety of industrial uses. Don't miss this chance to secure a valuable asset in a thriving area.

    Property Features for 53 Central Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,000 SF
    Total Rate
    29333.33

    Building Details

    Year Built
    1950

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,000 SF
    Rate per SF
    $16

    HighLights

    • 22,000 SF industrial warehouse in Passaic County.
    • Single‑tenant occupancy with 4,000 SF currently vacant.
    • Built in 1950.
    • Features include a 4,000 lb freight elevator, loading dock, LED lighting, and sprinkler system.
    • Located near Monroe Street and across from a Dollar General.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Passaic
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.128831
    Latitude
    40.864646

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    FAQs

    What type of property is this?
    Distribution property - Spacious Warehouse, Ideal Location
    Where is this distribution property located?
    The property is located at 53 Central Ave Passaic, NJ.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 22,000 SF industrial warehouse in Passaic County.; Single-tenant occupancy with 4,000 SF currently vacant.; Built in 1950.
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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
    53 Central Ave Passaic, NJ 07055
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