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    119 W Broadway Paterson, NJ 07522

    For Sale
    $600,000

    Commercial - Paterson City, NJ

    Property size:
    3,235 SF
    Lot size:
    0.04 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 15 at 3:06 am

    Property Features for 119 W Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    3,235 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Floors in Building
    3
    Number of units
    3
    Flooring type
    Linoleum, Tile, Vinyl, Wood
    Building materials
    Vinyl Siding
    Roof type
    Flat
    Architectural style
    Other

    Century 21 Gemini REO Group (973) 890-0500 [email protected]

    Listing agent MARILOU WONG (973) 744-2700

    Listing date Dec 5, 2025

    MLS# 3964696 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment in Downtown Paterson

    This well-maintained mixed-use property presents an investment opportunity in downtown Paterson. The property features a fully operational bar/liquor store on the ground floor, generating commercial income. Additionally, there are two apartments. The first-floor apartment has been recently updated and includes a living room, modern kitchen, two bedrooms, and a full bathroom. The second-floor apartment features a living room, kitchen, two bedrooms, a full bathroom, plus a finished attic with an additional full bathroom. Key upgrades include a new roof and a tankless energy-efficient hot water heater, along with baseboard heating. The property is situated in a high-traffic area, close to transit, shops, and restaurants. The lot size is 0.04 acres, and the property size is 3235 square feet. The property is zoned commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Frank X. Graves, ... Government Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mango's Lounge, 412 Lounge Paterson, Carlitos's bar, Latin Bar, Diana's Bar

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.17641
    Latitude
    40.92193

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    FAQs

    What type of property is this?
    Bar - High-yielding, turn-key asset in a growing market.
    Where is this bar located?
    The property is located at 119 W Broadway Paterson, NJ.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - High 10.2% Cap Rate: Offers strong cash flow, ideal for investors.; - Mixed-Use Property: Ground floor commercial space (bar/liquor store) provides steady income.; - Two Updated Apartments: Includes a first-floor apartment with modern kitchen and spacious living areas.
    (973) 744-2700
    Request Owner's contact information
    119 W Broadway Paterson, NJ 07522
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    Paterson, NJ 07522
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 W Broadway Paterson, NJ 07522
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