5+ Mixed Use For Sale in Garfield, NJ
MLS# : 25009485
PROPERTY DETAILS
PROPERTY DESCRIPTION
Situated in Garfield’s redeveloped sought-after “Restaurant Row†district, 60 Passaic St. is a four-unit mixed-use property featuring two commercial units and two residential units (two-bedroom and three-bedroom). Endless developer potential. The property underwent an extensive renovation in 2018, with a subsequent enhancement of the residential units in 2023. The three-bedroom unit boasts a meticulously crafted, state-of-the-art kitchen and a spa-like, luxurious bathroom, exuding sophistication and elegance. This property includes 6 parking spots in the rear and is just one block from the train station and offers easy access to the Parkway, Route 46, and Route 80. This is a rare opportunity to acquire a well-maintained, income-generating asset in a high-demand area. A liquor license is available for purchase separately. Property is located in an opportunity zone and is sold as-is. Owner holds a New Jersey Real Estate License.
Amenities
This listing is a courtesy of Keller Williams City Life Realty
201-659-8600 office, listing agent Nadiyah Hall
About Garfield, NJ Real Estate Market
The journey of the formation of Garfield as an independent town began in 1873 when it was known as East Passaic. In 1881, the town was renamed Garfield to pay honour to one of the presidents of the United States of America, James Garfield. When James Garfield died in 1881, a train station in East Passaic got named after him, which eventually became the name of the whole town.
The expansion of Garfield as a city began in 1898 by including portions of the Saddle River Township and Wallington together. The boundaries of the town got defined under an act introduced by New Jersey Legislature. The official naming of the town as Garfield happened in 1917 based on a referendum.
Garfield shares its boundaries with a few other boroughs like Saddle Brook, Elmwood Park and South Hackensack. A few prominent places of interest located in Garfield are Dundee Dam, Plauderville, Dahnert’s Lake County Park and Bogart Heights.
| Population: | 30,487 |
| Total Housing Units: | 11,877 |
| Single Family Homes: | 5,468 |
| General Tax Rate (2023): | 3.281% |
| Effective Tax Rate (2023): | 2.006% |
| Compare To Other Towns |
Garfield Market Indicators
PRICE INDEX
| Average Price* (12mo): | $532,429 |
| Homes Sold* (12mo): | 46 |
SINGLE FAMILY HOME SALES
Garfield, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 3.281% |
| Effective Tax Rate (2023): | 2.006% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
