Skip To Content

320 Madison Street

Passaic, NJ 07055
  • $689,900
  • STATUS: Active
  • ON SITE: 224 Days
  • MLS #: 22000642
UPDATED: 101 min ago
$689,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

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.

Monthly Payment Calculator



© 2022 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2022-08-19T00:16:17.593.
www.sellwithsikora.com/homes/124509812
Print Image

320 Madison Street Passaic, NJ 07055

  • Price: $689,900
  • Status: Active
  • On Site: 224 Days
  • Updated: 101 min ago
  • MLS #: 22000642
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Passaic
County:
Passaic
Area:
Passaic
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.
Exterior Features

Style Merch/Food Sub Style Cnv/Deli

Interior Features

Basement Full Heat Cool Gas

Property Features

Bldg Owner Pays Common AreaWater Utilities Sep ElecSep GasSep Heat

Listing provided by Jeanette Rodriguez of Re/Max Professionals 1: (973) 450-4000.


© 2022 New Jersey Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2022-08-19T00:16:17.593.
 
Logo
eXp Realty
28 Valley Rd Suite 1
Montclair NJ, 07042