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Surrounded by residential buildings, neighborhood retail, and established commercial activity, the property sits within a proven corridor benefiting from ongoing reinvestment and rising investor demand. This is a true value-add redevelopment site, ideal for developers seeking to unlock long-term value through repositioning, increased density, or ground-up redevelopment. The existing mixed-use configuration offers interim income potential, while the underlying value is driven by the site's land position and redevelopment potential supported by local zoning. The immediate area features strong pedestrian traffic, daily convenience retail, and proximity to major transportation routes, offering seamless connectivity to Northern New Jersey employment hubs and direct access to New York City. As Passaic continues targeted revitalization along key corridors, Monroe Street remains a focal point for infill development and urban renewal, reinforcing long-term growth fundamentals and investor confidence. An exceptional opportunity for developers focused on scale, density, and long-term urban value creation." +"AttributionContact": "973-860-7595" +"BuildingAreaUnits": "Sqft" +"Cooling": "Wall A/C Unit(s), Window A/C(s)" +"CreationDate": "2026-05-10T21:51:42.196939+00:00" +"DaysOnMarket": 8 +"Directions": "Between Hamilton Ave & Hoover Ave" +"Heating": "See Remarks" +"InternetAutomatedValuationDisplayYN": true +"LeasableArea": "0" +"ListOfficePhone": "973-860-7595" +"ListingContractDate": "2026-05-10" +"LivingAreaUnits": "Sqft" +"LotSizeDimensions": "75X100" +"LotSizeUnits": "Sqft" +"MajorChangeTimestamp": "2026-05-10T17:22:54Z" +"MlsStatus": "Active" +"NumberOfUnitsTotal": "0" +"OriginalEntryTimestamp": "2026-05-10 17:22:55.0" +"Ownership": "Fee Simple" +"ParcelNumber": "2507-04123-0000-00007-0000-" +"PhotosChangeTimestamp": "2026-05-11T10:03:15Z" +"PhotosCount": "5" +"Possession": "See Remarks" +"Roof": "See Remarks" +"Sewer": "See Remarks" +"StateOrProvince": "Passaic" +"StoriesTotal": "0" +"StreetName": "Monroe St" +"StreetNumber": "285" +"TaxAnnualAmount": "10713" +"TaxAssessedValue": "251600" +"TaxBlock": "4123" +"TaxLot": "7" +"TaxYear": "2025" +"Utilities": "Electric, Gas-Natural" +"WaterSource": "See Remarks" +"Zoning": "C-R" +"Township": "Passaic City" +"class_name": "COM" +"LotSizeAcres": "0.17" +"PropertyType": "MixedUse" +"CountyOrParish": "Passaic" +"Media": array:5 [ 0 => array:11 [ "Order" => 0 "MediaKey" => "54282140" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5428214/ecd68d2be2ebda4f1728187f1832c5d2.webp" "ClassName" => null "MediaSize" => 336629 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5428214/thumbnail-ecd68d2be2ebda4f1728187f1832c5d2.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5428214" ] 1 => array:11 [ "Order" => 1 "MediaKey" => "54282141" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5428214/d68799d3570d0e17dddf201a28974bcd.webp" "ClassName" => null "MediaSize" => 343663 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5428214/thumbnail-d68799d3570d0e17dddf201a28974bcd.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5428214" ] 2 => array:11 [ "Order" => 2 "MediaKey" => "54282142" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5428214/ad9d433e0e6e1894b22f887c33f5f942.webp" "ClassName" => null "MediaSize" => 385289 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5428214/thumbnail-ad9d433e0e6e1894b22f887c33f5f942.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5428214" ] 3 => array:11 [ "Order" => 3 "MediaKey" => "54282143" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5428214/d6e45f965f027bd99c2408e02fb2cdf9.webp" "ClassName" => null "MediaSize" => 357921 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5428214/thumbnail-d6e45f965f027bd99c2408e02fb2cdf9.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5428214" ] 4 => array:11 [ "Order" => 4 "MediaKey" => "54282144" "MediaURL" => "https://cdn.realtyfeed.com/cdn/118/5428214/00e238db24506740bbba130a2dbbf774.webp" "ClassName" => null "MediaSize" => 400701 "MediaType" => "webp" "Thumbnail" => "https://cdn.realtyfeed.com/cdn/118/5428214/thumbnail-00e238db24506740bbba130a2dbbf774.webp" "ResourceName" => "Property" "MediaCategory" => "Photo" "MediaObjectID" => "" "ResourceRecordKey" => "5428214" ] ] +"@odata.id": "https://api.realtyfeed.com/realtyfeed/odata/Property('5428214')" +"ID": "35659" }
347 Avon Ave , Newark City, New Jersey 07108-3788
- $950,000
347 Avon Ave , Newark City, New Jersey 07108-3788
- $950,000
Description
Turnkey mixed-use investment opportunity. This fully renovated building offers an excellent location with strong income potential. The property features four units, including two street-level commercial space. and two residential apartments, tenant ready. Ideal for investors seeking immediate cash flow, this well-maintained property combines stability with upside. The commercial unit provides established tenancy, while the residential units offer flexibility for rental income or owner occupancy. Conveniently located near major transportation, shopping, and local amenities, this is an exceptional opportunity to own a high-performing asset in a growing area. Don’t miss your chance to secure a solid investment schedule a viewing today.
Address
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City: Newark City
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State/county: Essex
Details
Updated on May 18, 2026 at 8:20 am-
Property ID HZ4027534
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Price $950,000
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Property Status Active
Features
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