Property profile

19 Broadway Passaic, NJ 07055

OFF-MARKET
Retail properties & Spaces
20,000 SF Built 1920
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Property summary

AI-generated overview

This exceptional 1,700 square foot commercial space is ideally situated on Broadway Avenue in Passaic's vibrant business district, offering unparalleled visibility and accessibility. Built in 1920 and renovated in 2019, this single-tenant property resides within a larger three-story building encompassing 20,000 square feet. The space boasts a versatile layout featuring two spacious private offices, a dedicated cashier/break room, and one restroom. One designated employee parking space is included, with ample street parking and a nearby parking garage providing additional convenience for clients and staff. The property benefits from its location on a high-traffic corridor, ensuring maximum exposure to both pedestrian and vehicular traffic. This thriving business environment is surrounded by diverse retail and professional services, attracting a consistent customer base. The location is strategically positioned within a five-mile radius of over 367,000 residents, boasting a median household income exceeding $98,000, presenting significant growth potential. Zoning permits a wide range of uses, including professional offices, creative offices, dental offices, retail operations, medical practices, staffing agencies, and barber shops. The space is adaptable to various configurations, allowing for seamless customization to meet unique business needs, whether it's an open-concept layout or a tailored retail setup. The building itself has one elevator.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1920
Total area 20,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

19 Broadway Passaic, NJ 07055
Passaic metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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