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    89 Market St Paterson, NJ 07505

    New
    For Sale
    $999,999

    Commercial - Paterson City, NJ

    Property size:
    4,744 SF
    Lot size:
    0.06 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 12 at 11:06 am

    Property Features for 89 Market St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-4
    Rooms
    Basement
    Basement Y/N
    1
    Size
    4,744 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)

    Building Details

    Year built
    1910
    Floors in Building
    3
    Number of units
    5
    Building materials
    Block, Brick
    Roof type
    Flat, Rubber
    Architectural style
    Other

    SERHANT New Jersey LLC (908) 656-1650 [email protected]

    Listing agent RYAN PALIANTO (973) 315-5959

    Listing date Dec 11, 2025

    MLS# 4001289 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 Building with Income Potential

    This five-unit mixed-use building includes a liquor store and bar on the ground floor, offering commercial income and visibility on Market Street. The property also features four residential apartments, including two two-bedroom units and two one-bedroom units. One of the one-bedroom apartments will be vacant as of April 1, 2026, presenting an opportunity for renovation and increased rental income. One of the three occupied residential units has been updated, while the others offer value-add potential for modernization. All utilities are separate. The building's layout is efficient, and its mixed-use configuration is attractive to renters seeking proximity to transportation, shopping, and local businesses. The property provides a base of income with potential for improved performance over time. It is suitable for hands-on owners or investors seeking growth in an urban market. The property is being sold as-is. The lot size is 0.06 acres, and the property size is 4744 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paruta's Liquors Liquor Store Bitcoin Depot | Bitcoin ... Crypto Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1745
    Latitude
    40.91583

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    FAQs

    What type of property is this?
    Mixed-use property - Five-unit building with retail and residential income potential.
    Where is this mixed-use property located?
    The property is located at 89 Market St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: - Stable commercial income from long-standing liquor store/bar on high-visibility Market Street location.; - Opportunity for immediate rent upside with one vacant 1-bedroom apartment (available 4/1/2026) suitable for renovation.; - Value-add potential through modernization of two existing residential units.
    (973) 315-5959
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    89 Market St Paterson, NJ 07505
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    Paterson, NJ 07505
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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
    89 Market St Paterson, NJ 07505
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