42 Van Buren St, Passaic, NJ 07055
This exceptional mixed-use property at 42 Van Buren Street in Passaic, New Jersey, presents a compelling investment opportunity. Priced at $800,000, this 0.2-acre lot (75x118 ft) encompasses two structures: a vacant house of worship and an occupied rectory home. The rectory features two one-bedroom apartments, each complete with a living room, dining room, kitchen, and bathroom. The property is currently configured as a combined religious and residential space, but its zoning and separate structures offer considerable flexibility for future development. Potential uses, subject to local authority verification, could include a community center, school, or conversion into a unique residential property. The property is sold as a single entity, with the house of worship vacant and the rectory currently occupied. This presents a rare chance to acquire a substantial property in Passaic, New Jersey, with significant potential for redevelopment or continued use as a mixed-use investment. The property's size and location in Passaic County, zip code 07055, make it an attractive proposition for investors seeking a versatile and potentially high-return asset. Buyers are responsible for verifying all zoning regulations and permitted uses with the relevant local authorities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.