Massive 2-Story Retail Space + Basement & Logistics Lot – Prime High-Traffic Location!

189 Monroe St, Passaic, NJ

$1,550,000

Welcome to this exceptional 2-story retail commercial building β€” a rare opportunity offering limitless potential! This expansive property boasts a total of approximately 10,000 square feet plus basement, providing unparalleled flexibility for a variety of commercial uses. The first floor features 5,000 square feet of open retail space, currently occupied by the owner. The owner is open to negotiating a long-term lease or vacating the space, depending on the buyer's preference. The second floor offers an additional 5,000 square feet of open layout complemented by two spacious offices, currently utilized by the owner for a fabric business. The basement level includes a substantial 5,000 square feet with high ceilings, ideal for storage, inventory management, or auxiliary business operations. Included is a bonus 16x100 ft lot on Hope Ave, providing rear access to the building. This space is fully paved with newly poured concrete to support the weight of heavy-duty vehicles, including 53-ft containers. Currently used for unloading and logistics, this area significantly enhances operational efficiency. Additional highlights include a high-traffic location just one block from Route 21, ensuring excellent visibility and accessibility. The property is ideal for retail, wholesale, distribution, or warehouse use. A sprinkler system is installed on all levels for enhanced safety, and the roof was replaced in 2021, offering peace of mind for years to come.

Property Details

Property Type Commercial
Mls # 3964690
LotSize 10000 sqft
Property Subtype Industrial Complex
Year Built 1950

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Closing on my first condo in Elizabeth, New Jersey, was far from easy. We faced challenge after challengeβ€”from financing issues, appraisal concerns, and loan program changes, to strict condo...

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