139-141 Wayne Ave - Supermarket FOR SALE


Paterson, NJ 07502
$1,061,000 USD
201-889-4494
139-141 Wayne Ave, Paterson, NJ for Sale
$1,061,000 USD
Supermarket - FOR SALE
1/18
null | Request Cap Rate

139-141 Wayne Ave
Paterson, NJ 07502


OVERVIEW

Strategic retail/investment opportunity in Paterson’s highly active Totowa commercial corridor, immediately west of Downtown Paterson. 139-141 Wayne Avenue consists of a 5,050 SF two-story retail building situated on a 50' x 100' lot, offered vacant at closing to provide immediate flexibility for owner-users, investors, or redevelopment-minded purchasers. Currently improved as a supermarket, the property includes existing walk-in coolers/freezers and a functional retail configuration well-suited for grocery, specialty food, discount retail, medical, or other neighborhood-serving commercial uses. Positioned within a densely populated residential trade area with strong pedestrian and vehicular traffic, the asset offers excellent visibility, established consumer demand, and durable long-term retail fundamentals. Rare opportunity to acquire a vacant urban retail asset with owner-user utility, lease-up/investment upside, and future redevelopment potential in one of Paterson’s most established neighborhood retail submarkets. Offer is contingent on authorization of the bankruptcy court.

FOR SALE DETAILS

PRICE

$1,061,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,055 SF

ZONING

R-3

APN/PARCEL ID

08-00923-0000-00016

ASK ABOUT THIS PROPERTY

Mohamed EisaTriumph Group Real Estate, LLCMore Info
201-889-4494

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Mohamed EisaTriumph Group Real Estate, LLCMore Info
201-889-4494

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