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320 Madison St

Passaic City, NJ 07055
  • $550,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 3811393
UPDATED: 19 min ago
$550,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,500
    SQFT
  • $157
    $/SQFT
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

Great opportunity to own a 3,500 sqft grocery store in a very busy area of Passaic! The basement consists of 2,000 sqft for storage and a produce prep station. The rent is $4,000 a month on a 10 year lease with 10 year renewal option. The inventory & equipment are included in the sale. The grocery store is great with consistent sales at $56-63k weekly. There is huge potential for the buyer.

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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dekanski Home Selling Team :: RE/MAX 1st Advantage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Dekanski Home Selling Team :: RE/MAX 1st Advantage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-12-04T06:48:07.36.
www.gardenstatehomesearcher.com/homes/133724242
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320 Madison St Passaic City, NJ 07055

  • Price: $550,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 19 min ago
  • MLS #: 3811393
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,500
SQFT
$157
$/SQFT
County:
Passaic
Area:
Passaic City
Property Description
Great opportunity to own a 3,500 sqft grocery store in a very busy area of Passaic! The basement consists of 2,000 sqft for storage and a produce prep station. The rent is $4,000 a month on a 10 year lease with 10 year renewal option. The inventory & equipment are included in the sale. The grocery store is great with consistent sales at $56-63k weekly. There is huge potential for the buyer.
Exterior Features

Garage Description On-Street Parking Parking Driveway Description NoneOn-Street Parking Road Type Corner

Interior Features

Available Sq Ft 3500 Cooling See Remarks Fuel Type Gas-Natural Number Of Lavatories 1

Property Features

Business Classification Retail Business Name La Mia Meat Market Documents Available Financial StatementsLeasesTax Returns Existing Lease 5 Or More YearsLong TermRenewal OptionSeller Does Not Own Building Gross Operating Income 2109946 Heating 1 Unit Income Expense Source AccountantTax Returns Lease Amount Month 4000 Net Operating Income 188050 Ownership Type Sole Proprietorship Price Includes Business NameBusiness Phone NumbersInventoryLeaseMachinerySignsTrade Fixtures/Equipment Primary Business Classification Retail Real Estate For Sale No Re Available Sewer Public Sewer Total Operating Expense 210856 Utilities Gas-Natural Utility Amount 0 Water Public Water

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-772-0660.


Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dekanski Home Selling Team :: RE/MAX 1st Advantage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Dekanski Home Selling Team :: RE/MAX 1st Advantage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-12-04T06:48:07.36.
 
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