327 Passaic Ave - Showroom FOR SALE


Fairfield, NJ 07004
$2,590,471 USD
973-464-6176
327 Passaic Ave, Fairfield, NJ for Sale
$2,590,471 USD
Showroom - FOR SALE
1/5
null | 6.5% Cap Rate

Jan '26


327 Passaic Ave
Fairfield, NJ 07004


HIGHLIGHTS

  • Very good Cash Flow from stabalized tenant base
  • High vis location adjacent the Route 46 corridor
  • Good to very good condition
  • Good income upside with existing tenants and multiple Partial Development Options
  • Seller will consider holding a note

OVERVIEW

This is a stabilized little money maker. Great location, good to very good condition, excellent longer term tenant base with renewal options to be acceptable to ownership, several tenants are considerably under market, AND .... THERE ARE AT LEAST TWO VERY ATTRACTIVE PARTIAL DEVELOPMENT OPTION. Please see the attached Offering Memorandum to review Current, Proforma and Partial Development Option Value Outlines ... or contact Jim Walters for a PDF submission of the OM. We believe Value 3 outlining a 3,360 SF single story addition is a "by right" Partial Development Option. All leases are NNN with $4 CAM charges. Landlord pays only for water for 5 of the 6 existing tenants. There are currently approximately 30 on premise parking spaces but could be up to 44 with additional black top installation. SELLER WILL CONSIDER HOLDING A NOTE. Asset is fully occupied but it is possible an Owner User could garner occupancy. To be discussed with interest in this area. Buyer responsible for Buyer Agent fees.

FOR SALE DETAILS

PRICE

$2,590,471 USD

PRICE/SF

$216 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

327-333 Passaic Avenue, Fairfield NJ

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Restaurant, Loft/Creative Space, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

UTILITIES

-

CLEAR CEILING HT

12.166666666666666 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.42

LAND SF

61,855

ZONING

L1 (Light Industrial)

APN/PARCEL ID

07-02602-0000-00004

ASK ABOUT THIS PROPERTY

Jim WaltersTHE WALTERS GROUPMore Info
973-464-6176

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Jim WaltersTHE WALTERS GROUPMore Info
973-464-6176

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.