NJ
Passaic
Paterson City
07501
122 16Th Ave
122 16Th Ave, Paterson City, NJ 07501
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Listing Type
Commercial/Industrial
Listing Status
Active
8
$1,250,000

Home Details for 122 16Th Ave

Price
$1,250,000
Type
Commercial Sale
Year built
1925
Lot size acres
0.03
County
Passaic
Basement
Finished
MLS Listing#
4034154
Property 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.

Property Features
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Parking
    • On Street
  • Basement
    • Finished
Listing Courtesy: KELLER WILLIAMS MID-TOWN DIRECT - 973-762-5400
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EXIT SOLGAR REALTY
200 Diamond Bridge Ave, Hawthorne, NJ 07506
Office
973 282 8642
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