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    447 Mcbride Ave Paterson, NJ 07501

    Sponsored
    For Sale
    $475,000

    Historic Paterson Commercial Property, Great Investment!

    Property size:
    3,068 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property at 447 McBride Avenue in Paterson, NJ, presents a rare investment opportunity. Spanning 3,068 square feet on a 0.05-acre lot, this building seamlessly blends commercial and residential spaces. The ground floor boasts a sizable showroom, ideal for showcasing merchandise, complemented by a dedicated office, workshop, and a full bathroom with a tub/shower combination. The inviting covered front porch provides a welcoming entrance for customers. Upstairs, a complete residential apartment awaits, featuring two bedrooms, a full bathroom, a living room, and an eat-in kitchen. Adding to the versatility, a finished attic space, currently used as a home office/workshop, offers additional square footage. The property also includes a fully fenced backyard, perfect for outdoor relaxation or potential expansion. Priced at $475,000, this property offers significant potential for both income generation and personal use, making it an attractive proposition for discerning investors and entrepreneurs seeking a piece of Paterson's rich history. The combination of commercial and residential space provides flexibility and diverse income streams. Don't miss this chance to acquire a well-maintained and versatile property in a vibrant location.

    Property Features for 447 Mcbride Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,068 SF
    Lot Size
    2,178 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    De Franco's Lock ... Locksmith

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1936
    Latitude
    40.9084

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Paterson Commercial Property, Great Investment!
    Where is this commercial real estate located?
    The property is located at 447 Mcbride Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $475,000.
    (973) 694-6500
    Request Owner's contact information
    447 Mcbride Ave Paterson, NJ 07501
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    Paterson, NJ 07501
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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
    447 Mcbride Ave Paterson, NJ 07501
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