Properties

Description

Amazing Mixed-Use Investment Opportunity in the Heart of Downtown Paterson!This well-maintained mixed-use property offers strong cash flow and an impressive 8% cap rate, making it ideal for both investors and owner-occupants. Ground Floor: Fully operational bar/liquor store, generating steady commercial income. First Floor Apartment: Recently updated with a spacious living room, modern kitchen, 2 generously sized bedrooms, and a full bathroom Second Floor Apartment: Features a large living room, kitchen, 2 bedrooms, a full bathroom, plus a bonus finished attic with an additional full bathroomKey Upgrades: New Roof, Tankless energy-efficient hot water heater ,Baseboard heating Located in a high-traffic area of downtown Paterson, close to transit, shops, and restaurants. This is a rare chance to own a high-yielding, turn-key asset in a growing market

Features

  • Heating System : Baseboard - Hotwater, 2 Units
  • Cooling System : No Cool
  • Basement : Unfinished, Bilco-style Door
  • Roof Deck : Flat
  • Furnished : Tile, Wood, Vinyl-linoleum
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 266900
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas In Street

Additional Info

  • Office Name: C-21 GEMINI, LLC.
  • Office MLS ID: 036305
  • Agent ID: 264774
  • Tax: 13598
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: Commercial

Commercial For Sale

For Sale
$725,000

119 W Broadway, Paterson City, *

  • SQFT 23 Acre
  • Built Year 9999

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5359762
  • Price: $725,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 9999
  • Year Built Description: Approximate
  • Lot Area: 23 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Passaic
  • City Paterson City
  • Zipcode *
  • Street: W Broadway
  • Street Number: 119
  • Street Direction: NJ 19 to Cianci to W Broadway
  • Floor Number: 0
  • Longitude: W75° 49' 24.9''
  • Latitude: N40° 55' 18.9''
  • Internet Display Address: No
Property