320 Madison St

Passaic City, NJ
$ 750,000 Beds 0 Baths 0 Sq 3,500
Monthly Estimate* How much can I afford?

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.

Business Op

  • Price
  • $ 750,000
  • Lot Size
  • Bedrooms
  • 0
  • Sqr Footage
  • 3,500
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 1
  • City, Zip
  • Passaic City
  • County
  • PASSAIC
  • Style
  • Retail
  • Area
  • Passaic City
  • MLS#
  • 3758059
  • Zip
  • 07055
Listing Provided by: RE/MAX PROFESSIONALS I
Data Source: Garden State MLS (GSMLS)

Features

General

Basement Full, Walkout
Business Name La Mia Meat Market
Business Type Retail
Cooling See Remarks
Drive None, On-Street Parking
Garage On-Street Parking
Heating 1 Unit
Sewer Public Sewer
Town # 2507
Township Passaic City
Utilities Gas-Natural

Interior Features

Fuel Type Gas-Natural

Exterior Features

Building Area Total 3500
Road Type Corner
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Ledgewood, NJ office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

1/7/2022 Listed $750,000

Property vs Zip Code Average in 07055

Price
AVG $440K
$750K
Visits
AVG 149
53
Walkscore
AVG 89
91
Data Provided by Walkscore ® not using MLS data

Map

320 Madison St Passaic City, NJ is a Single Family Home for sale at $750000 with 3500 sqft and a lot size of Acre(s). 320 Madison St Passaic City has 0 bedrooms, 0 baths . The property's zip code is 07055 which is in Passaic City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.