300 Main St - Storefront FOR SALE


Paterson, NJ 07501- Downtown Paterson
$7,000,000 USD
914-262-2598
300 Main St, Paterson, NJ for Sale
$7,000,000 USD
Storefront - FOR SALE
1/17
null | Request Cap Rate

300 Main St
Paterson, NJ 07501
Downtown Paterson


HIGHLIGHTS

  • Tremendous Redevelopment Potential
  • Situated in Paterson's DCHD Opportunity Zone
  • Successful Appeal of Taxes brough them down to $78k annually
  • 2 Drive - Ins
  • Flexible Zoning

OVERVIEW

Prime mixed-use redevelopment opportunity in the heart of downtown Paterson, featuring 50 ft of frontage on Main Street and located within a DCHD Opportunity Zone. The property offers 6 stories with B-4 zoning and a generous FAR of 5.08, allowing for significant potential. The first and second floors are ideal for retail, while the upper floors are currently used for storage. Ownership has successfully appealed the taxes, reducing the annual tax liability to $78,000. The zoning is very flexible allowing for retail, office, residential, etc.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Van Dyk Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

B-4

APN/PARCEL ID

08-04704-0000-00025

ASK ABOUT THIS PROPERTY

Bryan LanzaChristie's Commercial Real Estate GroupMore Info
914-262-2598

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Bryan LanzaChristie's Commercial Real Estate GroupMore Info
914-262-2598

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