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    394 Main St Paterson, NJ 07501

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    Claim this Listing
    For Sale
    $169,000

    Business - Paterson City, NJ

    Property size:
    3,600 SF
    Price / SF:
    $46/SF
    Added:
    Jul 1, 2025
    Days on Market:
    298
    Last Refresh:
    Apr 24 at 5:06 pm

    Property Features for 394 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    3,600 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    JOHNNY RODRIGUEZ

    Listing agent JOHNNY RODRIGUEZ

    Listing office REALTY ONE GROUP LEGEND 600 GETTY AVENUE, Wayne, NJ

    Listing date Jul 1, 2025

    MLS# 3972921 Listing URL

    Copyright © 2026 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

    Profitable Supermarket & Deli Business

    Located in the heart of Paterson, this fully operational supermarket and deli business offers an incredible opportunity. Situated at 394 Main Street, the Main Street Supermarket & Deli occupies a 3,600 sq ft space in a high-visibility, high-traffic location. This is a business-only sale, with the real estate not included. A strong lease is in place, accompanied by two 5-year renewal options, providing long-term stability. The store features a commercial kitchen setup valued at over $60,000 and currently provides breakfast and lunch to a loyal customer base within the neighborhood. Additional revenue streams are generated through NJ Lottery, Western Union, and ATM services, contributing to consistent daily profits. The interior is clean, well-stocked, and organized, featuring refrigerated displays, shelving, and a customer-friendly layout designed for smooth operations. The sale encompasses all equipment and inventory, presenting a turnkey opportunity ready for immediate takeover. This is suitable for owner-operators or investors seeking a strong income-producing opportunity within a thriving urban area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Main St 99 ... Discount Store Main St. Supermarket ... Specialty Food Shop

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

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

    Similar Places Nearby

    • Lissette Supermarket — 428 Main St, Paterson, NJ 07501
    • Price Rite Marketplace of Paterson — 301 Main St, Paterson, NJ 07505
    • Main St. Supermarket & Deli — 394 Main St, Paterson, NJ 07501
    • Mama Coloma grocery & deli — 175 Mill St, Paterson, NJ 07501
    • Grayson — 324 Market St, Paterson, NJ 07501

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.17244
    Latitude
    40.91192

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    FAQs

    What type of property is this?
    Grocery and convenience store - Turnkey supermarket and deli business opportunity in Paterson, NJ.
    Where is this grocery and convenience store located?
    The property is located at 394 Main St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: Fully operational 3,600 sq ft supermarket & deli business in a high‑traffic, high‑visibility location.; Turnkey operation includes all equipment and inventory for immediate takeover.; Strong lease in place with two 5‑year renewal options for long‑term stability.
    (973) 686-7777
    We can help!
    Listing Contact
    JOHNNY RODRIGUEZ
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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