639 Passaic Ave
Nutley, NJ 07110
Flex Property For Sale
INVESTMENT HIGHLIGHTS
- Corner lot with parking available
- Very accessible from NJ-3
- Vibrant part of town with local commercial tenants nearby
EXECUTIVE SUMMARY
A prime commercial real estate opportunity in the desirable Nutley, NJ area. The property is currently 100% occupied and has the potential for a lucrative redevelopment project to transform it into a residential apartment building with over 20 units.
Located in close proximity to the New York Metropolitan area, this property offers an ideal location for those who want easy access to the city while still enjoying the suburban lifestyle. The property is situated close to shopping centers, major highways, and other amenities, making it an attractive location for residents.
With its current occupancy rate, this property offers a stable and predictable income stream for investors. However, the redevelopment potential offers even greater opportunities for those looking to maximize their return on investment. The addition of residential units in this prime location would provide an attractive living option for those who want to live close to the city but still enjoy a suburban lifestyle.
Located in close proximity to the New York Metropolitan area, this property offers an ideal location for those who want easy access to the city while still enjoying the suburban lifestyle. The property is situated close to shopping centers, major highways, and other amenities, making it an attractive location for residents.
With its current occupancy rate, this property offers a stable and predictable income stream for investors. However, the redevelopment potential offers even greater opportunities for those looking to maximize their return on investment. The addition of residential units in this prime location would provide an attractive living option for those who want to live close to the city but still enjoy a suburban lifestyle.
PROPERTY FACTS
AMENITIES
- Signage
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 16-01901-0000-00010 | Improvements Assessment | $825,100 |
| Land Assessment | $656,700 | Total Assessment | $1,481,800 |
ZONING
| Zoning Code | B2, Nutley Twp (A neighborhood business district that allows for a variety of uses) |
