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- LoopNet Team
100 8th St
Passaic, NJ 07055
For Lease
PROPERTY FACTS
Property Overview
10.50 acres of raw land neighboring 122-148 8th Street, currently an operational 78,899 square foot shopping center with 387 surface parking spaces. The City of Passaic has expressed their support for redevelopment of this site and with the acquisition of a combined 17 acres, Mynt Properties looks to bring a redevelopment of either retail or industrial use to fruition. Prime examples of Mynt's redevelopment and reuse in the area can be seen directly across the street at 35-95 8th Street, a 360,000 square foot industrial complex with a less than 1% vacancy rate as of September 2020 & 1 mile away at 90 Dayton Avenue, where a small portion of the 1.6 million square foot 'Passaic Industrial Complex' was converted to retail in 2019, attracting strong anchor tenants such as McDonald's, Dollar Tree, Sherwin-Williams, Dairy Queen and American Thrift Stores.
Highlights
- Densely populated urban area within a revived and thriving commercial market.
- Location is served by NJ Transit Bus Route 707.
- Newly constructed 8th Street bridge connects the heavily-industrail Passaic to the primarily-residential Wallington, used by 6,300 vehicles per day.
- Low Vacancy Comparables.
