283 Broadway - Freestanding FOR SALE


Paterson, NJ 07501- Eastside
$2,800,000 USD
201-328-4324
283 Broadway, Paterson, NJ for Sale
$2,800,000 USD
Freestanding - FOR SALE
1/4
null | 8.75% Cap Rate

283 Broadway
Paterson, NJ 07501
Eastside


HIGHLIGHTS

  • Great investment for the 1031 exchange or laundromat owners.
  • Good time for the interest rate.

OVERVIEW

Building like new, Free standing corner lot and free well water supply. Laundromat has 98 Wascomat machines (coin/card both useable) with 4100sf floor with 1000sf basement for the storage. 7500sf parking lot. 8 units Apartments upstairs. Fully occupied 100%, mixed use property. The Cap rate including laundromat income. NDA must be singed first including partners, no exceptions. Only 25% down pay is possible with bank if qualified. Principals only, no agents as owner asked. LOI/Offer must be presented with proof of funds and/or pre-approval letter from bank. Text or Call the agent. 2013284324. Email: leo@citypropertyassociates.com

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Laundromat with building (25% down pay OK))

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

08-03609-0000-00018

ASK ABOUT THIS PROPERTY

Leo YeoCity Property Associates, LLCMore Info
201-328-4324

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Leo YeoCity Property Associates, LLCMore Info
201-328-4324

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