119 W Broadway - Flex FOR SALE


Paterson, NJ 07522
$725,000 USD
973-696-1111
119 W Broadway, Paterson, NJ for Sale
$725,000 USD
Flex - FOR SALE
1/20
null | 8.45% Cap Rate

NEW


119 W Broadway
Paterson, NJ 07522


HIGHLIGHTS

  • Mixed use investment - ground floor fully operational bar/ 2 residential rentals on 1st & 2nd floors
  • All floors Newly renovated - well maintained

OVERVIEW

Amazing Mixed-Use Investment Opportunity in the Heart of Downtown Paterson!This well-maintained mixed-use property offers strong cash flow and an impressive 8% cap rate, making it ideal for both investors and owner-occupants. Ground Floor: Fully operational bar/liquor store, generating steady commercial income. First Floor Apartment: Recently updated with a spacious living room, modern kitchen, 2 generously sized bedrooms, and a full bathroom Second Floor Apartment: Features a large living room, kitchen, 2 bedrooms, a full bathroom, plus a bonus finished attic with an additional full bathroomKey Upgrades: New Roof, Tankless energy-efficient hot water heater ,Baseboard heating Located in a high-traffic area of downtown Paterson, close to transit, shops, and restaurants. This is a rare chance to own a high-yielding, turn-key asset in a growing mark CALLL LISTING AGENT MARILOU WONG @ 201-303-7146

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

8.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04

LAND SF

1,749

ZONING

Commercial

APN/PARCEL ID

08-00605-0000-00008

ASK ABOUT THIS PROPERTY

Lou BatelliCentury 21 GeminiMore Info
973-696-1111

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Lou BatelliCentury 21 GeminiMore Info
973-696-1111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.