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131 Market St

Paterson City, NJ 07505
  • $3,949,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 3745216
UPDATED: 22 min ago
$3,949,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 42,500
    SQFT
  • $93
    $/SQFT
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

ATTENTION ALL INVESTORS/OWNERS. 42,500 Total SQF Iconic Building in Downtown Paterson Next To City Hall Is Now For Sale. Sale Includes the following addresses: 131-139 Market St & 231-235 Main St. Perfect for Site Development or Owner Occupants. Located at the Corner of Main Street & Market Street within the UEZ, The Property is a 6 Floor Bldg w/ Retail Space on 1st Fl. & Office Space/Retail above. It Counts W/ 3 Ground Floor Retail Units, Consisting of Two Long Term Retail Units and A Large Retail Space Previously Occupied By PNC Bank with 15'+ Ceilings, Bank Vaults, Rear Elev and Bsmnt Space. Building Counts with 5 other floors Previously Used For Office and Retail Space. All Such Flrs Are Now Vacant, Allowing For Redevelopment and The Vacant Old Bank Space Can Attract a Large Tenant or A Chance to Re-Design the Space & Maximize Rental Income, Providing the Opportunity To Create a Higher Cap Rate. The area is undergoing gentrification and redevelopment by Buildings Alike. This Building Provides, A Large Blank Canvas for Any Investor. The Centric Location of the Building Allows for Quick Access To Major Roads Like, Rt 80, Rt 20, RT 21 and NJ Parkway. Location is Near Houses of Worship, Shops, Retail Stores, Regular & Fast-Food Restaurants, Government Buildings Such, Passaic County Building, Paterson Court House, and the Main Campus for the Passaic County Collage. Mass Transp Access is Close to the NJ Transit Bus Hub. Close By City & Private Parking is Available

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© 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-11-29T10:46:37.323.
www.srrealestategroup.com/homes/122190550
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131 Market St Paterson City, NJ 07505

  • Price: $3,949,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 22 min ago
  • MLS #: 3745216
0
Beds
0
Baths
0
½ Baths
N/A
Acres
42,500
SQFT
$93
$/SQFT
1900
Built
County:
Passaic
Area:
Paterson City
Property Description
ATTENTION ALL INVESTORS/OWNERS. 42,500 Total SQF Iconic Building in Downtown Paterson Next To City Hall Is Now For Sale. Sale Includes the following addresses: 131-139 Market St & 231-235 Main St. Perfect for Site Development or Owner Occupants. Located at the Corner of Main Street & Market Street within the UEZ, The Property is a 6 Floor Bldg w/ Retail Space on 1st Fl. & Office Space/Retail above. It Counts W/ 3 Ground Floor Retail Units, Consisting of Two Long Term Retail Units and A Large Retail Space Previously Occupied By PNC Bank with 15'+ Ceilings, Bank Vaults, Rear Elev and Bsmnt Space. Building Counts with 5 other floors Previously Used For Office and Retail Space. All Such Flrs Are Now Vacant, Allowing For Redevelopment and The Vacant Old Bank Space Can Attract a Large Tenant or A Chance to Re-Design the Space & Maximize Rental Income, Providing the Opportunity To Create a Higher Cap Rate. The area is undergoing gentrification and redevelopment by Buildings Alike. This Building Provides, A Large Blank Canvas for Any Investor. The Centric Location of the Building Allows for Quick Access To Major Roads Like, Rt 80, Rt 20, RT 21 and NJ Parkway. Location is Near Houses of Worship, Shops, Retail Stores, Regular & Fast-Food Restaurants, Government Buildings Such, Passaic County Building, Paterson Court House, and the Main Campus for the Passaic County Collage. Mass Transp Access is Close to the NJ Transit Bus Hub. Close By City & Private Parking is Available
Exterior Features

Approximate Lot Size See Remarks Available Parking Spaces 0 Construction See Remarks Exterior Description Brick/BlockConcrete Location Business District Number Of Bays 0 Number Of Docks 0 Parking Driveway Description None Roof Description Flat

Interior Features

Basement Yes Basement Description Finished-PartiallyStorage Cooling See Remarks Equipment Available Security System Floors CarpetingConcreteLaminateTile Heating Radiators - Steam Max Ceiling Height 15 Max Door Height 0 Number Of Doors 0 Number Of Lavatories 9 Office Sq Ft 36600

Property Features

Building Number 3 DEPStatus Unknown Expenses Include ElectricityGas/OilInsuranceMaintenance - ExteriorMaintenance - InteriorTaxesWater/Sewer For Sale Or Lease For Sale Free Rent No Fuel Type ElectricGas-Natural Owner Pays SewerSnow RemovalTrash RemovalWater Permitted Use Office & Retail Primary Property Type Offcretl Prior Use Office & Retail Property Type Office/Retail Sale Includes Building & Land Sewer Public Sewer Suite Number 1 Tax Amount 123090 Tax Rate Amount 4.175 Tax Rate Year 2020 Tax Year 2021 Tenant Pays ElectricHeatRepair InsuranceRepairsSee Remarks Utilities ElectricGas In Street Utilities Paid By Tenant Water Public Water Year Built Description ApproximateHistorical Zoning Commercial

Listing information © 2021 Garden State Multiple Listing Service,LLC.
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© 2021 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-11-29T10:46:37.323.
 
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Christie's International Real Estate Northern New Jersey
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