Vacant-User

287-297 Howe Avenue

287 Howe Ave, Passaic, NJ 07055

Listing Price: $1,650,000

Cap Rate
11.98%
Gross SF
16,000
Price/Gross SF
$103.12
Lot Size
0.39 acres
Year Built
1950
Rentable SF
16,000

Investment Overview

Built in 1950, 287-297 Howe Avenue Passaic NJ (aka 23-27 Liberty Avenue) is a vacant brick 16,000 square foot industrial building with a 20 spot parking spots. The property has 40 foot ceiling height throughout the building, five 14 by 20 feet overhead drive in bays and a duplex office area. The structure is in excellent shape. The building sits in a M2 zoning (General Industrial) directly across the street from a R3 zoning allowing for multifamily dwellings of 50 units and more and four stories or more. The property is prime for an owner user or a repositioning to residential or other commercial use. (To reposition the property to multifamily a variance would be needed).

Investment Highlights

  • Vacant For Owner User
  • Multi Family Reposition Opportunity
  • Five Overhead Drive in Bays
  • 40 Foot Ceiling Heights
  • Separate Parking Lot
  • Clean Environmental

Exclusively Listed By

Financing By

Listing Price: $1,650,000

Cap Rate
11.98%
Gross SF
16,000
Price/Gross SF
$103.12
Lot Size
0.39 acres
Year Built
1950
Rentable SF
16,000

Investment Highlights

  • Vacant For Owner User
  • Multi Family Reposition Opportunity
  • Five Overhead Drive in Bays
  • 40 Foot Ceiling Heights
  • Separate Parking Lot
  • Clean Environmental

Investment Overview

Built in 1950, 287-297 Howe Avenue Passaic NJ (aka 23-27 Liberty Avenue) is a vacant brick 16,000 square foot industrial building with a 20 spot parking spots. The property has 40 foot ceiling height throughout the building, five 14 by 20 feet overhead drive in bays and a duplex office area. The structure is in excellent shape. The building sits in a M2 zoning (General Industrial) directly across the street from a R3 zoning allowing for multifamily dwellings of 50 units and more and four stories or more. The property is prime for an owner user or a repositioning to residential or other commercial use. (To reposition the property to multifamily a variance would be needed).

Exclusively Listed By

Financing By

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