203-207 Market St - Office/Residential FOR SALE


Paterson, NJ 07505- Downtown Paterson
$1,300,000 USD
201-401-7191
203-207 Market St, Paterson, NJ for Sale
$1,300,000 USD
Office/Residential - FOR SALE
1/27
null | 7.9% Cap Rate

203-207 Market St
Paterson, NJ 07505
Downtown Paterson


HIGHLIGHTS

  • ±13,107 SF Three-Story Building
  • Additional ±5,100 SF Below-Grade Space
  • Occupied Ground-Floor Retail
  • Two Flexible Upper-Level Floors
  • Approximately 7–8 Rear Parking Spaces
  • Prime Market Street Visibility

OVERVIEW

Rare mixed-use investment and owner-user opportunity located along Market Street, one of Paterson’s primary commercial corridors. The property consists of an approximately 13,107-square-foot, three-story commercial building situated on a 6,095-square-foot lot within the B-4 zoning district. The building features an occupied approximately 5,100-square-foot ground-floor furniture store and two upper-level office floors measuring approximately 3,500 square feet each. In addition to the stated building area, the property includes approximately 5,100 square feet of below-grade storage space, which is not included in the reported 13,107-square-foot building size. The property offers flexible floor layouts, interior column spacing, abundant windows, strong natural light and ceiling heights of approximately 12 to 13 feet. Additional features include approximately seven to eight rear parking spaces, a roof reported to be in good condition and prominent frontage along a highly visible downtown commercial corridor. The combination of existing retail income, available upper-level space and substantial below-grade storage makes the property well suited for an investor, owner-user or business seeking a flexible commercial asset in the heart of Paterson.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

7.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rare Downtown Paterson Mixed-Use Asset

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

undefined, Loft/Creative Space, Health Club

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B-4

APN/PARCEL ID

08-04405-0000-00027

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201-401-7191

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201-401-7191

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