245 Monroe St Passaic, NJ 07055
This exceptional commercial property, located at 245 Monroe Street in Passaic, New Jersey, presents a unique investment opportunity. Priced at $6,300, this property offers significant potential for various commercial uses. While the square footage is not currently specified, the property sits on a zero-acre lot, suggesting a compact footprint ideal for a smaller business or a strategic addition to an existing portfolio. The property type is classified as "Other," indicating flexibility in its potential applications. Its central Passaic location provides easy access to local amenities, transportation routes, and a diverse customer base. The absence of detailed square footage information necessitates an on-site inspection to fully assess the property's dimensions and layout. This presents a chance for a discerning investor to conduct due diligence and tailor the space to their specific commercial needs. Given the attractive price point and the property's strategic location, this represents a compelling investment opportunity in a vibrant New Jersey market. Interested parties are encouraged to schedule a viewing to explore the full potential of this unique commercial property. The lack of specified square footage should be considered when evaluating the property's suitability for intended use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-R · Passaic, NJPassaic. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.