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    224 Union Ave Paterson, NJ 07502

    For Sale
    $1,199,999

    Multi-Family, 2-Two Story - Paterson City, NJ

    Lot size:
    0.06 Acres
    Days on Market:
    49
    Last Refresh:
    Dec 7 at 3:06 am

    Property Features for 224 Union Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen
    Bedrooms
    7
    Bathrooms
    5
    Basement Y/N
    1
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1960
    Number of units
    3
    Building materials
    Aluminum Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Realty ONE Group Legend (973) 686-7777 [email protected]

    Listing agent MOHAMMED AKHTARUZZAMAN (973) 772-0660

    Listing date Oct 20, 2025

    MLS# 3993502 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 Property with Storefront

    Located in the heart of Paterson City, this mixed-use property presents a business opportunity. The property features a convenience store that is fully operational. Situated in a high-visibility, high-traffic location at 224 Union Ave, it is next to a school. The building includes a storefront and two units on the second floor, one apartment with two bedrooms and another with one bedroom. Additionally, there are four rooms in the basement. The property was fully renovated two years ago. The sale encompasses the store, fixtures, inventory, and the building, including the two apartments. This business generates income, offering a turnkey opportunity for entrepreneurs or investors looking to expand, with potential for improvement. The lot size is 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Es Men’s Grooming ... Barber Shop S A Mini Market Convenience Store

    Suggested Use

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

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

    Similar Places Nearby

    La Nany Supermarket, BD Supermarket, Fresh World Supermarket, Al Madina Supermarket, LLC, J & S Mini Market

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.19205
    Latitude
    40.91685

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    FAQs

    What type of property is this?
    Grocery and convenience store - Mixed-use property with convenience store, apartments, and basement rooms.
    Where is this grocery and convenience store located?
    The property is located at 224 Union Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $1,199,999.
    What are key features of this property?
    This property features: - High-visibility, high-traffic location next to a school.; - Turnkey business opportunity including store, fixtures, inventory, and building.; - Mixed-use property with storefront and two apartments (2-bedroom and 1-bedroom).
    (973) 772-0660
    Request Owner's contact information
    224 Union Ave Paterson, NJ 07502
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    Paterson, NJ 07502
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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
    224 Union Ave Paterson, NJ 07502
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