51 Central Avenue, Passaic, NJ

$1,350,000

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About 51 Central Avenue

VALUE ADD INVESTMENT OPPORTUNITY. Located in the heart of Downtown Passaic, this mixed use building offers an excellent value add investment opportunity along one of the city’s busiest corridors, providing outstanding visibility, strong pedestrian traffic, and excellent vehicle exposure. The property features two approx. 1,140 sq./ft ground floor retail storefronts and seven second-floor office suites ranging from approx. 170 sq./ft. to 505 sq./ft. with flexible layouts that can be combined for larger professional users. Both retail storefronts are occupied, with leases approaching renewal, creating an opportunity to reposition rents to current market levels. The second floor offers significant lease up potential, providing a clear path to increasing occupancy and cash flow. The property has been well maintained and includes an updated flat roof (2019), updated HVAC systems, updated thermostats, a full basement. A great value add investment with immediate income and substantial upside through lease up and future rent growth.

Features of 51 Central Avenue

MLS® # 26024406
Price $1,350,000
Bathrooms 0.00
Type Commercial Sale/Lease
Sub-Type Retail
Style Other
Status Active

Community Information

Address 51 Central Avenue
City Passaic
County PASSAIC
State NJ
Zip Code 07055

Amenities

Utilities See Remarks
Is Waterfront No
Waterfront None
Has Pool No

Interior

Heating Central, Electric, Natural Gas
Cooling Central Air, Electric, Gas
Fireplace No
Has Basement No

Additional Information

Date Listed June 30th, 2026
Foreclosure No
RE / Bank Owned No

Listing Map

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