115 Myrtle AvePassaic, NJ 07055

Property Details for 115 Myrtle Ave

Construction

BRICK

Lot size

0.12 AC

Zone code

R-3

Property type

Industrial properties

Property subtype

Other industrial properties

APN

07 02176-0000-00019

APU

702176000000019

Description

This exceptional 10,000-square-foot warehouse in Passaic, New Jersey, presents a compelling investment opportunity. Located at 115 Myrtle Ave, 07055, this property sits on a 5,249-square-foot corner lot and boasts a desirable M-1 (Light Industrial) and R-3 (Residential Multi-Family) zoning designation. The two-story brick building is currently vacant, offering immediate occupancy for owner-users or a blank canvas for redevelopment. The asking price is $1,295,000, translating to $129.50 per square foot. Features include one loading dock and a prime location within an Opportunity Zone, suggesting significant potential for future appreciation. The property's versatile zoning allows for a range of uses, making it attractive to both industrial businesses and developers seeking multi-family residential projects. Its strategic location and strong infrastructure make it an ideal choice for businesses seeking a strategic presence in Passaic County. This is a rare opportunity to acquire a well-situated industrial property with substantial upside potential. The property's APN is 07-02176-0000-00019. Serious inquiries are encouraged.

• Alternative Use

  Use

  Valuation

  Residential

  $993,505

  Hospitality

  $910,046

  Educational

  $757,147

  Medical

  $783,187

  Retail

  $1,177,784

Location Insight

City

Passaic

County

Passaic

State

New Jersey

Latitude

40.8653

Longitude

-74.1344

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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