90 2nd Avenue, Paterson, NJ 07514

THE ASSET: 90 2nd Avenue is a vacant commercial Property that consists of a three-story, 15,000 square foot building with 73 feet of frontage along 2nd Avenue and 94 feet of frontage along E 23rd Street and on a 7,013 square foot (0.16-acre) corner parcel of land. The Property is currently occupied by Urban Millwork (the current owner) and Lenin Auto Sound & Tint. Urban Millwork’s space will be delivered vacant, and Lenin Auto Sound & Tint has two years remaining on their lease (June 30, 2028). Lenin Auto Sound & Tint is paying $48,504 for July 1, 2026, to June 30, 2027 with a 5% rent increase in July, 2027.

ZONING: The Property is situated within Paterson's I-2 Heavy Industrial District, a zoning designation intended to accommodate a broad range of industrial, manufacturing, warehousing, and distribution uses that contribute to the city's employment base and economic activity. The I-2 District is designed to permit more intensive industrial operations than those allowed within the City's I-1 Light Industrial District while maintaining access to major transportation infrastructure and established industrial corridors. Permitted uses generally include manufacturing and processing facilities, warehousing and distribution operations, wholesale establishments, contractor and equipment yards, storage facilities, recycling-related uses, self-storage facilities, wholesale warehouses, and other industrial activities that require larger sites and operational flexibility. Commercial and residential uses are generally restricted within the district, preserving the area's industrial character and supporting long-term industrial investment. The I-2 zoning designation is typically concentrated near major transportation corridors, rail infrastructure, and highway access points, making it particularly attractive for logistics, manufacturing, storage, and industrial service businesses.

CONVENIENT INFILL LOCATION: The Property is located in the high-density, urban-infill north end of Paterson. The location offers convenient access to a multitude of retail, dining, entertainment and transportation amenities in Paterson and neighboring Fairlawn and Hawthorne.

WALKABLE LOCATION: The Property is situated at the intersection of 2nd Avenue and E 23rd Street and is a short walk from McLean Boulevard, Wagaraw Road, and Maple Avenue, three of the area’s primary commercial corridors. Additionally, the Property is convenient to the Hawthorne (0.9 miles) and Radburn (1.5 miles) Train Stations.

TRANSIT ORIENTED LOCATION: Paterson benefits from exceptional regional accessibility and transportation infrastructure, making it one of Northern New Jersey's most connected urban markets. The city is strategically positioned along Interstate 80, one of the nation's primary east-west transportation corridors, providing direct access to the Garden State Parkway, Interstate 287, the New Jersey Turnpike, and U.S. Route 46. Additional thoroughfares including New Jersey Routes 19, 20, and 21 facilitate efficient travel throughout Passaic County and neighboring Bergen, Essex, and Morris Counties. This extensive roadway network provides convenient connectivity to major employment centers throughout Northern New Jersey as well as Midtown and Lower Manhattan.

Public transportation further enhances the area's accessibility. Paterson is served by NJ Transit commuter rail service through the Main Line and Bergen County Line, offering direct connections to Hoboken and convenient transfers into New York City. Numerous NJ Transit bus routes provide local and regional service throughout the metropolitan area, supporting a large commuter workforce. The market's proximity to major ports, airports, and interstate corridors has made the region a critical logistics and distribution hub serving the broader Northeast.

AREA AMENITIES & DEMAND DRIVERS: Paterson and the surrounding Passaic County market offer a broad range of retail, dining, entertainment, and recreational amenities that support both residents and businesses. The area is anchored by several prominent retail destinations, including Willowbrook Mall and Westfield Garden State Plaza, two of Northern New Jersey's premier regional shopping centers, as well as numerous grocery stores, national retailers, restaurants, and service providers located throughout Paterson, Clifton, Wayne, and neighboring communities. Residents enjoy access to a diverse restaurant scene reflecting the area's multicultural population, while nearby attractions such as the Paterson Great Falls National Historical Park, local parks, performing arts venues, and recreational facilities contribute to the area's quality of life.

The region's economy is driven by a diverse mix of healthcare, education, government services, manufacturing, logistics, retail trade, and professional services. Major employers include St. Joseph's Health, one of the largest healthcare providers in Northern New Jersey, along with Passaic County Government, Paterson Public Schools, and numerous industrial and distribution companies located throughout the Interstate 80 and Interstate 287 corridors. The market also benefits from its proximity to major corporate employment centers in Wayne, Parsippany, Secaucus, and Manhattan, providing a deep employment base and consistent demand for commercial space throughout the region.

HIGHER EDUCTION PRESENCE: Higher education is a significant contributor to the regional economy and workforce development pipeline. Paterson is home to Passaic County Community College, which serves thousands of students annually and provides workforce training programs that support local industries. The city is also located within close proximity to several major universities, including William Paterson University, Montclair State University, Fairleigh Dickinson University, and Rutgers University–Newark. Collectively, these institutions educate tens of thousands of students, employ thousands of faculty and staff, and provide a steady source of skilled labor for businesses throughout Northern New Jersey. The concentration of educational institutions strengthens the region's long-term economic outlook while supporting population growth, workforce development, and commercial activity.

STRONG DEMOGRAPHICS: Over 264,800 people live within 3 miles of the Property with an average household income of $129,080. An impressive 522,900 people live within 5 miles of the Property with an average household income of $148,393. Additionally, there are more than 204,000 employees within 5 miles of the Property.