Address
320 Madison St Passaic City, NJ
Price
$ 750,000
Property Attributes
  • MLS#3758059
  • TypeBusiness Op
  • CountyPASSAIC
  • CityPassaic City
  • AreaPassaic City
  • Zip07055
  • StyleRetail
  • Price$ 750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms1
  • Sqr Footage3500
Listing Provided Courtesy Of:
RE/MAX PROFESSIONALS I
Data Source:
Garden State MLS (GSMLS)
Property Description

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.

Price History
1/7/2022 Listed $750,000

General Features

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

Property vs Business Op Average in 07055

Price
AVG $500K
$750K
Visits
AVG 116
40
Walkscore
AVG 89
91
Data Provided by Walkscore ® not using MLS data

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