Listed by KW Commercial, Keller Williams City Views
$1,550,000
203-207 Market St
Details
Property Type Retail, Office
Sub Type Retail, Office
Square Footage 13,107
Net Rentable (SqFt) 12,100
Units 3
Occupancy 42.15%
Tenancy Multi
Pro-Forma Cap Rate 7.93%
Pro-Forma NOI $122,978
Price per SqFt $118
Class C
Buildings 1
Stories 3
Lot Size (SqFt) 6,095
Zoning B-4
Parking Spaces 8 spaces
Parking per 1,000 SqFt 0.61
Tenant Credit No Credit Rating
Ground Lease No
Ceiling Height 12-13 feet
Rare Market Street Retail, Office & Storage Investment
Marketing description
Contact Nae Castillo Directly at (201) 401-7191 | [email protected]
Three-story, mixed-use commercial building totaling 13,107 SF (12,100 SF leaseable) on a 6,095 SF lot in the B-4 zone. The property includes an occupied first-floor furniture store (5,100 SF) and two office floors (3,500 SF each), with approximately 12-13 foot ceilings, flexible floor layouts, interior column spacing, a roof in good condition, and roughly 7-8 rear parking spaces. Situated on Market Street, a main commercial corridor in Paterson, it offers strong visibility and represents an excellent owner-user or investment opportunity.
Investment highlights
- Strategic location on a main commercial street in Paterson
- Strong visibility and accessibility
- Ample windows and natural light
- High ceilings on all floors (approximately 12-13 feet)
- Rear parking (approximately 7-8 spaces)
- Flexible floor layouts with interior column spacing
- Good roof condition
- Existing occupied first-floor space plus two additional office floors, and below-grade space
Listing Contacts
Listed by KW Commercial, Keller Williams City Views
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