285 Passaic AveFairfield, NJ 07004

Property Details for 285 Passaic Ave

Year built

1954

Construction

CONCRETE BLOCKS

Lot size

1.23 AC

Property size (Sq ft)

5,160 SF

Property type

Industrial properties

Property subtype

Other industrial properties

APN

07 02601-0000-00013

APU

702601000000013

Description

This exceptional two-story, 9,100 square foot office building in Essex County presents a unique investment opportunity. Currently undergoing renovations, including a substantial 3,900 square foot second-floor addition, this property boasts a prime location, approximately a quarter-mile from Route 46 and I-80, ensuring high visibility on a four-lane road. The building features ample on-site parking and a new elevator, scheduled for completion. The renovated space offers versatile options, suitable for professional offices, medical practices, or recreational uses such as martial arts studios, yoga studios, or dance studios. The asking price is $20.00 per square foot, plus common area maintenance (CAM) charges, which will be determined based on property taxes, landscaping, and elevator maintenance. The 1.27-acre lot provides ample space and the single-tenancy building offers flexibility and control. The building is currently undergoing a complete renovation, completed in 2024, and is situated near the intersection of Daniel Road. This is an ideal opportunity for businesses seeking a modern, well-located space with excellent accessibility and high visibility. The existing building is 5,200 square feet, with the addition of 3,900 square feet on the second floor.

• Alternative Use

  Use

  Valuation

  Residential

  $976,474

  Hospitality

  $894,445

  Educational

  $744,168

  Medical

  $769,761

  Retail

  $1,157,594

Location Insight

City

Fairfield

County

Essex

State

New Jersey

Latitude

40.8816

Longitude

-74.2724

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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