281 Passaic St, Garfield, NJ 07026

This offering presents a significant development opportunity at 281 Passaic Street in Garfield, New Jersey. The property is fully approved for a mixed-use apartment building, benefiting from a tax-saving PILOT program. All necessary permits are secured, and utilities are available at the curb side, streamlining the path to construction. Detailed plans and information are accessible to qualified buyers, outlining a comprehensive vision for this project.

The approved building design encompasses a total of 20 units, strategically planned to maximize utility and appeal. The ground level features three retail or office spaces, each approximately 1,000 square feet, situated at the front of the property. This commercial component is designed to integrate with the streetscape and provide valuable amenities to the surrounding area.

Residential accommodations include sixteen rental apartments, each configured with two bedrooms and two bathrooms. A key feature for these units is the inclusion of a one-car garage, offering convenient and secure parking. Additionally, the development incorporates one handicap-accessible unit, also featuring two bedrooms and two bathrooms, with dedicated street-level parking directly in front of the unit.

The lot itself is described as cleared and level, with a total size of 0.46 acres, providing a solid foundation for the approved construction. Zoning for the property is designated as Mixed Used, aligning with the project's multifaceted design. This development is situated in Bergen County, with proximity to neighborhoods such as Downtown, Lakeview, Eastside Passaic, Saddle Brook, and Botany Section.

This is a prime opportunity for developers, builders, and investors seeking a project with all major approvals in place. The absence of low-income units is a notable aspect of the approved plan. The property is located in Garfield, NJ 07026, offering a strategic position within the region for future growth and occupancy.