5
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$2,500,000
Est. payment /mo
6,708 SqFt
New
285 Monroe St Passaic City, NJ 07055
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Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,708 sqft
Price per Sqft $372
MLS Listing ID 4026546
Year Built 1925
Annual Tax Amount $10,713
Tax Year 2025
Lot Size 7,405 Sqft
Property Sub-Type Mixed Use
Property Description
A Prime Mixed-Use Redevelopment OpportunityPositioned along the active Monroe Street corridor, 281"285 Monroe Street presents a rare mixed-use asset with significant redevelopment upside in one of Passaic's steadily evolving urban submarkets.Surrounded by residential buildings, neighborhood retail, and established commercial activity, the property sits within a proven corridor benefiting from ongoing reinvestment and rising investor demand.This is a true value-add redevelopment site, ideal for developers seeking to unlock long-term value through repositioning, increased density, or ground-up redevelopment. The existing mixed-use configuration offers interim income potential, while the underlying value is driven by the site's land position and redevelopment potential supported by local zoning.The immediate area features strong pedestrian traffic, daily convenience retail, and proximity to major transportation routes, offering seamless connectivity to Northern New Jersey employment hubs and direct access to New York City.As Passaic continues targeted revitalization along key corridors, Monroe Street remains a focal point for infill development and urban renewal, reinforcing long-term growth fundamentals and investor confidence.An exceptional opportunity for developers focused on scale, density, and long-term urban value creation.
Location
State NJ
County Passaic
Zoning C-R
Interior
Heating Gas-Natural, See Remarks
Cooling Wall A/C Unit(s), Window A/C(s)
Equipment See Remarks
Heat Source Gas-Natural, See Remarks
Exterior
Exterior Feature See Remarks
Utilities Available Electric, Gas-Natural
Roof Type See Remarks
Building
Sewer See Remarks
Water See Remarks
Others
Ownership Fee Simple
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