Mixed-Use Property with Laundry
For Sale
$785,000
116 Belmont Ave, Paterson, NJ 07522
Mixed-use property featuring a commercial space and two apartments.
Property SizeContact for details
Lot Size0.10 Acres
Days on Market186
Property Features for 116 Belmont Ave
General Information
Standard status
Active
Lot size
0.10 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$14,291
Building Details
Year Built
1970
Units
3
Listing Agency:
PROMISE LAND REALTY
Listed By:
GUIDO BARRANTES · License #250954
(973) 253-7330
Source:
Elliman
Added: Mar 11
Changed: Sep 11
Last Checked: Sep 11 at 10:07AM
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 PROMISE LAND REALTY
Investment Insights
Based on property information with market context.
This mixed-use property features a commercial space on the first floor, previously used as a laundromat. The space is ready for the installation of 20 washers and 20 dryers. A new central AC/heat system has been installed. The property also includes two apartments on the second and third floors. Recent improvements include a new driveway, siding, and roof. Due to the first-floor vacancy, the seller is accepting cash or conventional offers with a 30% down payment.
Key Highlights
- Mixed‑use property with potential for a lucrative laundromat business on the first floor (ready for 20 washers and 20 dryers).
- Includes two well‑maintained apartments on the second and third floors.
- New central AC/Heat installed.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,347
Businesses Nearby
Explore this area
Business Placement
Demographics for 07522, NJ
23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring a commercial space and two apartments.
Where is this mixed-use property located?
The property is located at 116 Belmont Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Mixed‑use property with potential for a lucrative laundromat business on the first floor (ready for 20 washers and 20 dryers).; Includes two well‑maintained apartments on the second and third floors.; New central AC/Heat installed.
