Unique opportunity to acquire a building site located in Area 11 of Paterson’s Redevelopment District in the Multi-Family Residential Zone. With a foundation already in place, the 12,500 SF property has been approved for a 6-story, 50 unit apartment building with parking on the ground level for 30 vehicles. There will be 5 onebedroom units and 5 two bedroom units on each floor. A rising population is fueling demand for new housing in Paterson, presenting developers with a prime opportunity for growth. There are several other successful projects that have been built in the area that are similar to the subject property. Additionally, there will be excellent visibility and potential opportunity for signage as a new multi-story building will be seen from Route 80. For more information see: https://auctionadvisors.com/property-details/paterson_devsite_322