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Mixed-Use Investment Opportunity

976 Main Ave, Passaic, NJ 07055

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For Sale

$949,999

Turn-key, renovated mixed-use property with income-producing units and potential.

Type:Commercial

Property size:

3,223 SF

Lot size:

0.07 Acres

Price / SF:

$294/SF

HighLights

Four income‑producing units plus billboard income
Nearly fully renovated property
Mixed‑use property ideal for living, working, and investing
Convenient Main Avenue location near shops, restaurants, and transportation
First floor features 1,100 sq. ft. of office space and a renovated studio apartment
Unused rear lot with potential for extension or parking

We can help!

Listing Contact

LUZ E. RUIZ

For Sale

$949,999

Turn-key, renovated mixed-use property with income-producing units and potential.

Type:Commercial

Property size:

3,223 SF

Lot size:

0.07 Acres

Price / SF:

$294/SF

Added:: Oct 20, 2025
Days on Market:: 233
Last Refresh:: Apr 5 at 9:04 pm

Property Features for 976 Main Ave

General Information

Standard status: Active
Size: 3,223 SF
Lot size: 0.07 Acres
Property subtype: Commercial

Building Details

Year Built: 1947

We can help!

Listing Contact

LUZ E. RUIZ

Listing agent LUZ E. RUIZ

Listing office WEICHERT REALTORS

Listing date Oct 20, 2025

Source Corcoran

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 WEICHERT REALTORS

HighLights

Four income‑producing units plus billboard income
Nearly fully renovated property
Mixed‑use property ideal for living, working, and investing
Convenient Main Avenue location near shops, restaurants, and transportation
First floor features 1,100 sq. ft. of office space and a renovated studio apartment
Unused rear lot with potential for extension or parking

Overview

This mixed-use property presents an investment opportunity, suitable for both first-time homebuyers and experienced investors. The building features four income-producing units, complemented by additional billboard income. The first floor includes approximately 1,100 sq. ft. of office space, equipped with multiple rooms and amenities, alongside a renovated studio apartment. The second floor houses a modern one-bedroom apartment and a spacious two-bedroom apartment. The property is situated on Main Avenue, offering convenient access to nearby shops, restaurants, and transportation. An unused rear lot provides potential for extension or parking. This property allows for living, working, and investing.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$96.7k	$30.00
− Vacancy	−$6.6k	−$2.04
EGI	$90.1k	$27.96
− OpEx	−$40.6k	−$12.58
NOI	$49.6k	$15.38

3,223 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$708.0K

$619.5K – $826.1K (±1% cap)

NOI $49,563 @ 7.0% cap · market cap 5.22%

Second Best

Office B

$704.5K

$616.4K – $821.9K (±1% cap)

NOI $49,312 @ 7.0% cap · market cap 5.19%

Theoretical Best

Office A

$841.6K

$736.4K – $981.9K (±1% cap)

NOI $58,911 @ 7.0% cap · market cap 6.20%

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

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Location Insight

Map
Local Demand

City: Passaic
County: Passaic
State: New Jersey
Longitude: -74.1347
Latitude: 40.8704

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For sale
Mixed-use properties
NJ
Passaic
07055
976 Main Ave

What type of property is this?

Mixed-use property - Turn-key, renovated mixed-use property with income-producing units and potential.

Where is this mixed-use property located?

The property is located at 976 Main Ave Passaic, NJ.

What is the asking price?

The asking price for this property is $949,999.

What are key features of this property?

This property features: Four income‑producing units plus billboard income; **Nearly fully renovated property**; Mixed‑use property ideal for living, working, and investing