743 Main Ave
Passaic, NJ 07055

Located in the Actual Center of the Central Business District, this is a Fabulous Opportunity to Own a Mixed Use Income Producing Property. Complete 2nd Floor Which Consists of an Available 8,000 SF has Great Potential for Redevelopment, and to Double the Net Operating Income. Located Along Main Street Transit Bus Route Rear Parking & Access Lot Building has Full Unfinished Basement Sharing street across from McDonalds & Dunkin Donuts. Property within the UEZ (Urban Enterprise Zone) within the Central Business District. Street Side Metered Parking with 94' Frontage on Main St. Located only 15 miles from New York City, with excellent transportation connections via bus, train, and highway to regional centers and the Newark Liberty Airport. New Leonard Place Elemetary School on Main Ave is to be completed by End of 2018 - Less than 200 FT from Subject Property. "Leonard Place Elementary School will serve about 625 students in grades K-5 and feature 50 classrooms in addition to those dedicated to special education and bilingual/ESL students. It will also include specialized spaces for music and arts education. The state Schools Development Authority estimated the project's cost at $55.9 million. Described as a “21st Century learning space,” and lauded its proposed personalized education program, part of the Teach to One learning model. The program will include a science demonstration lab as well as a mathematics lab. "