71 Wayne Ave - Industrial FOR SALE


Paterson, NJ 07522
$699,000 USD
201-582-8554
71 Wayne Ave, Paterson, NJ for Sale
$699,000 USD
Industrial - FOR SALE
1/4
null | 6.61% Cap Rate

71 Wayne Ave
Paterson, NJ 07522


HIGHLIGHTS

  • strong income potential paired with versatility
  • prime mixed-use location

OVERVIEW

Rare opportunity to acquire a well-maintained mixed-use property in the heart of Paterson. This versatile asset features a spacious residential unit, a separate mechanic shop, a full basement with 9-foot ceilings ideal for storage, and an income-producing garage. Together, the property generates approximately $61,200 in gross annual income, offering strong cash flow and excellent investment potential. Property Highlights: Top floor: $1,900/mo (lease expires Feb 2026) First floor: $2,000/mo (no lease – flexible terms) Garage: $1,200/mo (steady tenant) Projected 5.2% CAP rate with room for rental growth Prime location near major highways, schools, parks, and public transportation Separate utilities and low operating expenses This property offers strong cash flow with immediate upside potential through rent adjustments or repositioning. Ideal for investors seeking stable income or owner-occupants looking to offset living costs with additional rental income.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

6.61%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06

LAND SF

2,483

ZONING

R-3

APN/PARCEL ID

08-01406-0000-00009

ASK ABOUT THIS PROPERTY

Stephane HavatianColdwell Banker Commercial RealtyMore Info
201-582-8554

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Stephane HavatianColdwell Banker Commercial RealtyMore Info
201-582-8554

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