285 Monroe St, Passaic City NJ 07055-5209

Property City
Passaic City
Property Media
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Property Price
$2,500,000
Year Built
1925
Tax Annual Amount
$10713
TaxYear (*text)
2025
Roof (*text)
See Remarks
Lot Size Area
0.17
MLS Status
Active
MLS #
4026546

A Prime Mixed-Use Redevelopment OpportunityPositioned 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.

Yearly Tax Rate
4.258
Year Built (*numeric)
1925
Basement
No
Roofing (*text)
See Remarks
Days On Market
1
Basement (*text)
No
Cooling (*text)
Wall A/C Unit(s), Window A/C(s)
Heating
See Remarks
Lot Size Dimensions
75X100
Property Location

40.864919187609, -74.125920330989

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Units: Miles
Origin Coordinates
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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762