102 Summer St | Passaic City

$840,000 | 3 Baths (3 Half) | 14,050 Sq. Ft.

Investment Opportunity: Three-Unit Automotive Repair shop. Presenting a rare opportunity to acquire a 3-unit automotive repair facility. 7,400 sq ft of building space and 14,050 sq ft of total lot area. The property consists of three individual repair bays, each equipped with their own private half bathroom, making the units fully self-contained.Current Lease Overview:102 Summer Street (largest unit): Rented at $3,400/month95 Burgess Street (smaller unit): Rented at $1,800/month95 Burgess Street (larger side): Rented at $2,700/monthTotal Current Monthly Rent: $7,900Two of the three leases have expired, presenting an immediate opportunity for lease renewal at market rates or replacement with new tenants. The third lease is set to expire on September 30, 2025.Investment Highlights:Cap Rate: 8% based on current incomeStrong value-add potential by increasing below-market rentsFunctional layout with individual restrooms and clear bay separationExcellent owner-user or investor opportunity in a high-demand commercial sectorThis property offers both steady cash flow and upside potential through improved lease terms. GSMLS 3966680

Directions to property: Head East on Highland Ave and make a right on main Ave heading south east. turn left going east into

MLS Listing ID: 
GSMLS 3966680
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
1
Year Built: 
1920
Living Area: 
14,050
Construction
Construction Materials: 
Brick/Block
Roof: 
Metal
Exterior: 
Brick/Block
Energy Information: 
Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
3
Total Half-Bathrooms: 
3
Utilities
Information about utilities available on the property.
Heating System: 
1 Unit, Floor/Wall Heater
Heating System Fuel: 
Gas-Natural
Cooling System: 
No Cool
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Dimensions): 
25X187
Waterfront: 
0
Lot Features
Driveway: 
Concrete, On-Street Parking
Parking Type: 
Concrete, On-Street Parking
Public Record
Parcel Number: 
2507-04103-0001-00012-0000-
Lot Number: 
12
Annual Tax: 
$3,875.00
Property Zoning: 
R-3
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
6/2/2025
Contract Details
Details about the listing contract.
Possession: 
At closing.
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
ARENA COMMERCIAL BROKERAGE LLC