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    615 Main Ave Passaic, NJ 07055

    Sponsored
    For Lease
    $20 SF/Yr

    3,300 SF Vacant Medical Office in Passaic, NJ

    Lot size:
    36,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,300 square foot medical office space presents a unique investment opportunity in Passaic, New Jersey. Located at 615 Main Ave, this single-tenant property is part of a larger 36,000 square foot Class B building, constructed in 1965, and situated in the heart of Passaic's bustling business district. The space boasts a completely renovated interior featuring an attractive open floor plan ideal for a variety of medical uses. Previously occupied by a thriving chiropractic/physical therapy center for ten years, the space is ready for immediate occupancy. High-quality hardwood floors throughout contribute to a professional and inviting atmosphere. The second-floor location offers privacy and convenience, complemented by private handicap-accessible bathrooms and a modern HVAC system. A generously sized elevator ensures easy access for patients and staff. Ample municipal parking is available directly in front of the building, with additional private parking for tenants available at an extra cost. This property offers a blend of established infrastructure and modern amenities, making it an excellent choice for medical professionals seeking a well-located and functional space in Passaic County. The property's location within Passaic's business district provides easy access to local amenities and a strong patient base. This is a rare opportunity to acquire a move-in ready medical office space in a desirable location.

    Property Features for 615 Main Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,000 SF
    Class
    B
    Total Rate
    60000

    Building Details

    Year Built
    1965

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    3,300 SF
    Rate per SF
    $20
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -74.1254933
    Latitude
    40.8597795

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    FAQs

    What type of property is this?
    Medical office - 3,300 SF Vacant Medical Office in Passaic, NJ
    Where is this medical office located?
    The property is located at 615 Main Ave Passaic, NJ.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
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    615 Main Ave 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
    615 Main Ave Passaic, NJ 07055
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