Address
285 Monroe St, Passaic City, NJ
Price
$ 2,500,000
Property Attributes
- ID#4026546
- TypeCommercial
- Listing Status Active
- CountyPASSAIC
- CityPassaic City
- AreaPassaic City
- Zip07055
- StyleMixedUse
- Year Built1925
- Taxes$ 10713
- Price$ 2,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6708
- Lot Size0.17 Acres
Data Source:
Garden State MLS (GSMLS)
Property Description
A Prime Mixed-Use Redevelopment Opportunity Positioned 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.
| Price History | |
|---|---|
| 5/10/2026 | Listed $2,500,000 |
General Features
| Sewer | See Remarks |
|---|---|
| Construction | See Remarks |
| Heating | See Remarks |
| Cooling | Wall A/C Unit(s),Window A/C(s) |
| Utilities | Electric,Gas-Natural |
| Possession | 31-60 |
| Roof | See Remarks |
| Zoning | C-R |
| Year Built | 1925 |
| Township | Passaic City |
| Property Type | Mixed Use,See Remarks |
| Equipment Available | See Remarks |
| Documents Available | See Remarks |
| Easement | No |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Location | See Remarks |
| County | Passaic |
| Property Type | MixedUse |
| Status | Active |
| Directions | Between Hamilton Ave & Hoover Ave |
| Tax Annual Amount | 10713 |
| Drive | See Remarks |
| Standard Status | Active |
| Tax Assessed Value | 251600 |
| Town # | 2507 |
| Tax Lot | 7 |
Interior Features
| Fuel Type | Gas-Natural,See Remarks |
|---|---|
| Price Per Sq Ft | 372.69 |
| Available Sq Ft | 6708 |
Exterior Features
| Water Source | See Remarks |
|---|---|
| Exterior Description | See Remarks |
| Building Area Total | 6708 |
| Lot Dimensions | 75X100 |
| Lot Size Acres | 0.17 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 07055
Price
Taxes
Year Built
Visits
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Last date updated: September 13, 2026 2:03 PM UTC Source: New Jersey Multiple Listing Service, Inc. "© 2026 New Jersey Multiple Listing Service, Inc. All rights reserved."
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