Two-Story Retail
For Sale
$479,000
105 Main St, Paterson, NJ 07505
Vacant two-store retail space in downtown Paterson with walkable access and good transit connectivity.
Property Size1,102 SF
Price / SF$434.66
Days on Market126
Property Features for 105 Main St
General Information
Standard status
Active
Size
1,102 SF
Building Details
Year Built
1949
Stories
2
Listing Agency:
LEOPIZZI REAL ESTATE AGENCY
Listed By:
CHRISTOPHER LEOPIZZI
(973) 684-7171
Source:
Luminancerealty
Added: Jun 10
Changed: Oct 12
Last Checked: Oct 5 at 10:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LEOPIZZI REAL ESTATE AGENCY
Investment Insights
Based on property information with market context.
This is a vacant two-store retail property configured for retail use, offering a straightforward setup for businesses that benefit from a street-facing presence. The asset is presented as two retail levels, providing flexibility for operations that need both customer-facing and back-of-house space within the same building.
The property is located on Main St in downtown Paterson. The surrounding area is described as very walkable, with good transit access and bikeability (Walk Score 82, Transit Score 61, Bike Score 52), supporting foot traffic and convenient reach for customers.
Because the space is currently vacant and designed as retail, it may fit a range of neighborhood and commuter-oriented concepts looking for an established retail address in a high-activity downtown setting. Prospective tenants or buyers should verify all intended use requirements directly, including any permitting needs and compliance items prior to occupancy.
The property is located on Main St in downtown Paterson. The surrounding area is described as very walkable, with good transit access and bikeability (Walk Score 82, Transit Score 61, Bike Score 52), supporting foot traffic and convenient reach for customers.
Because the space is currently vacant and designed as retail, it may fit a range of neighborhood and commuter-oriented concepts looking for an established retail address in a high-activity downtown setting. Prospective tenants or buyers should verify all intended use requirements directly, including any permitting needs and compliance items prior to occupancy.
Key Highlights
- 2‑story retail space (currently vacant) in downtown Paterson
- Year built: 1949
- Walk Score: 82 (very walkable)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,729
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,580
$314.6K
Cap Rate 7%
$224,700
$224.7K
Cap Rate 9%
$174,767
$174.8K
Market Conditions
NOI Build-Up for 1,102 SF
Gross rent
$23.8K $21.60/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$22.5K $20.39/SF
− OpEx
−$6.7K −$6.12/SF
NOI
$15.7K $14.27/SF
Area
Paterson, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,580
Cap Rate 7%
$224,700
Cap Rate 9%
$174,767
Alternative Uses
Best Use
Retail
$224.7K
$196.6K – $262.2K
NOI $15,729 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.8K
$251.8K – $335.7K
NOI $20,143 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,823
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
Checkers
Dining
8,796 visits/mo
0.5 miles
Mobil
Shops & Services
5,818 visits/mo
0.4 miles
Little Caesars Pizza
Dining
5,201 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
4,864 visits/mo
0.4 miles
Eurofix Performance
Shops & Services
1,555 visits/mo
0.3 miles
Demographics for 07505, NJ
3,215
Population
1,692
Households
1.9
Avg Household Size
38
Median Age
12%
College-Educated
71%
High-School Grad
0.2 sq mi
ZIP Area
16,075
Density / Sq Mi
$33,311
Median Household Income
$33,520
Median Earnings
$1,113
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- A&Z FIOWERS — 186 main st, paterson, nj 07505
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant two-store retail space in downtown Paterson with walkable access and good transit connectivity.
Where is this storefront property located?
The property is located at 105 Main St Paterson, NJ.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 2‑story retail space (currently vacant) in downtown Paterson; Year built: 1949; Walk Score: 82 (very walkable)
