Two-Story Retail
For Sale
$469,000
105 Main St #1, Paterson, NJ 07505
Commercial zoning and a vacant interior provide flexibility for a future retail occupant.
Property Size1,102 SF
Price / SF$425.59
Days on Market138
Property Features for 105 Main St #1
General Information
Standard status
Active
Size
1,102 SF
Property subtype
Commercial
Zoning
commercial
Building Details
Building Size
1,102 SF
Year Built
1949
Stories
2
Units
1
Listing Agency:
Leopizzi Real Estate Agency
Listed By:
Christopher Leopizzi
(973) 684-7171
Source:
Cammarotarealestate
Added: Jun 8
Changed: Oct 22
Last Checked: Oct 22 at 2:28PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story retail space offers 1,102 square feet and is currently vacant. Built in 1949, the property carries commercial zoning.
The space is in downtown Paterson, at 105 Main St #1. Its location is described as having both pedestrian and vehicle traffic.
The space is in downtown Paterson, at 105 Main St #1. Its location is described as having both pedestrian and vehicle traffic.
Key Highlights
- 1,102 square feet of retail space
- Two‑story configuration
- Currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,729
Cap Rate
3.35%
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 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.8K
$251.8K – $335.7K
NOI $20,143 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,823
Businesses Nearby
26k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial zoning and a vacant interior provide flexibility for a future retail occupant.
Where is this retail space located?
The property is located at 105 Main St #1 Paterson, NJ.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 1,102 square feet of retail space; Two‑story configuration; Currently vacant
