42 Van Buren St Passaic, NJ 07055

Property Details for 42 Van Buren St

Lot size

0.20 lot acres

Property type

Commercial real estate

Description

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.