Properties

Description

Attention Investors & Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.

Features

  • Heating System : 4+ Units
  • Cooling System : See Remarks
  • Basement : Finished
  • Roof Deck : Asphalt Shingle
  • Tax Assessed Valuation: 665400
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: See Remarks

Additional Info

  • Office Name: KELLER WILLIAMS MID-TOWN DIRECT
  • Office MLS ID: 3556
  • Agent ID: 409133
  • Tax: 20481
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: RA-2

Commercial For Sale

For Sale
$1,249,999

122 16Th Ave, Paterson City, *

  • SQFT 25 Acre
  • Built Year 1925

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5438454
  • Price: $1,249,999
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1925
  • Year Built Description: Renovated, Unknown
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 67

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Passaic
  • City Paterson City
  • Zipcode *
  • Subdivision: FORTH WARD
  • Street: 16Th Ave
  • Street Number: 122
  • Street Direction: Turn right onto Market St. from Memorial Drive, th
  • Floor Number: 0
  • Longitude: W75° 50' 16.2''
  • Latitude: N40° 54' 57.5''
  • Internet Display Address: No
Property