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Off market
  • $503,300

    320 Madison St, Passaic, NJ 07055

    --beds
    3,500sqft
    SingleFamily
    Built in ----
    -- sqft lot
    $503,300 Zestimate®
    $144/sqft
    $3,015 Estimated rent

    Home value

    $503,300

    $413,000 - $604,000

    $3,015/mo

    Zestimate® history
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    $3,590/mo

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    What's special

    Fresh meatsDairy products

    Excellent opportunity to own a 3,500 sq/ft mid-size grocery store situated in a very busy neighborhood in Passaic NJ for the past 70 years. The international store is well stocked and has a full selection of fresh meats, produce, dairy products and a wide array of grocery, and household products. The basement features 2,000 sq ft for storage & a prep station for produce. New 10 year lease with 10 year renewal option, the rent is $3,500 a month. The inventory & equipment of $550,000 will be included in the sale price. The grocery store is doing phenomenal numbers with great consistent sales steady through COVID-19 at $56-63k weekly easy. La Mia Meat Market has been a profitable and debt free business for 24 years under the same ownership. Income & Expenses are a must see. There is a huge upside potential for the right buyer.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 1
    • 1/2 bathrooms: 1
    Interior area
    • Total interior livable area: 3,500 sqft

    Construction

    Type & style
    • Home type: SingleFamily

    Community & neighborhood

    Location
    • Region: Passaic

    Price history

    DateEventPrice
    10/1/2022Listing removed--
    Source: RE/MAX International Report a problem
    2/5/2022Price change$689,900-8%$197/sqft
    Source: RE/MAX International #3758059 Report a problem
    1/7/2022Listed for sale$750,000$214/sqft
    Source: RE/MAX International #22000642 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 07055

    Nearby schools

    GreatSchools rating