53 Central Ave Passaic, NJ 07055-8406
This exceptional 22,000 square foot warehouse, located at 53-57 Central Avenue in Passaic County, presents a unique investment opportunity. Built in 1950, the property boasts a single-tenant occupancy with 4,000 square feet currently vacant, offering immediate potential for expansion or lease. The warehouse features a convenient 4,000 LBS freight elevator directly accessing the loading dock, streamlining logistics and efficiency. Modern upgrades include energy-efficient LED lighting and suspended gas blowers, ensuring a comfortable and productive work environment. Abundant natural daylight floods the space, complemented by attractive wood flooring. Safety is prioritized with a fully installed sprinkler system. The property's strategic location offers excellent visibility and accessibility, situated just half a block from Monroe Street and directly across from a Dollar General store, ensuring high foot traffic and convenient access for employees and clients. This warehouse is perfect for businesses seeking a well-maintained, functional space with modern amenities in a prime location. The vacant 4,000 square feet provides immediate opportunity for customization to suit specific operational needs. The property's size and features make it suitable for a variety of industrial uses. Don't miss this chance to secure a valuable asset in a thriving area.
No advertising signs shall be erected on any property fronting upon a street which separates it from the R-1, R-2, R-1A, R-3 or O-R Districts. (10) Advertising signs shall be limited to the number in existence at the time of the passage of this chapter and may be replaced or relocated as permitted in this article within one year after the sign is destroyed o…
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
R-3 · Passaic, NJNo advertising signs shall be erected on any property fronting upon a street which separates it from the R-1, R-2, R-1A, R-3 or O-R Districts. (10) Advertising signs shall be limited to the number in existence at the time of the passage of this chapter and may be replaced or relocated as permitted in this article within one year after the sign is destroyed or removed from its original location. (11) There shall be no advertising signs in any area which has been designated and approved for redevelopment as a federal or City urban renewal area. I. Roof-top business signs. (1) Roof-top business signs shall be limited to the number in existence at the time of the passage of this chapter and may be replaced or relocated within the district within one year after the sign is destroyed or removed from its original location; except that there shall be no roof-top business signs in any area which has been designated and approved for redevelopment as a federal or City urban renewal area. (2) Roof-top business signs shall comply with the aggregate area limitations of Article X , § 317-49 . (3) Roof-top business signs shall not exceed 13 feet six inches in height measured from the roof to the top of such signs, but there shall be at least eight feet clearance from the top of the roof to the underside of such sign, and any such sign shall have also have a three-foot clearance on each side thereof, with respect to the side of the building on which said sign shall be erected, but in no case shall any sign exceed 48 feet in width. The same restriction shall apply in the case of a building situated on a corner lot. (4) Rooftop business signs shall not contain any moving parts or be illuminated by intermittent or flashing lights. (5) A rooftop sign shall not use symbols or colors which are similar in design to standard traffic control devices. J. Bowling alleys. (1) Minimum lot area: 20,000 square feet. (2) Minimum lot depth and width: 100 feet. (3) Minimum side yards: 1/3 building height, but not less than 10 feet. (4) Minimum rear yard: 1/3 building height, but not less than 10 feet. (5) Minimum building height: two stories or 30 feet. (6) Maximum coverage: 50%. K. Tennis courts, racquetball courts, squash courts, roller-skating rinks, ice-skating rinks and health spas in buildings used only for such purpose. (1) Bulk requirements shall be the same as for bowling alleys. L. Veterinary establishments. (1) Bulk requirements shall be as per the requirements of the applicable zone. (2) The use shall comply with the general standards of this article.
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.
