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    37 E 34Th St Paterson, NJ 07514

    For Sale
    $5,366,000

    100% occupied retail center with major tenants and high traffic.

    Property size:
    12,803 SF
    Lot size:
    0.96 Acres

    Property Features for 37 E 34Th St

    General Information

    Size
    12,803 SF
    Lot size
    0.96 Acres

    Source: Marcus & Millichap | New Jersey Agent Alan Cafiero

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied Retail Center

    This 12,803 square foot retail center is 100% occupied by six tenants operating under NNN leases. Major tenants include Wing Stop and Bank of America, with branch deposits at Bank of America totaling $145 million. The property is situated along heavily trafficked McLean Boulevard, which sees over 41,800 vehicles per day. The location offers convenient access to Route 4, I-80, Route 21, Route 208, Route 46, and Route 3. Nearby national tenants include Burger King, 7-Eleven, Home Depot, Lowe's, McDonald's, and AutoZone. The surrounding area has a population of over 596,000 people within a 5-mile radius.
    Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    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.

    Similar Places Nearby

    Sunny Drug Health Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.140189
    Latitude
    40.920362

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    FAQs

    What type of property is this?
    Shopping center - 100% occupied retail center with major tenants and high traffic.
    Where is this shopping center located?
    The property is located at 37 E 34Th St Paterson, NJ.
    What is the asking price?
    The asking price for this property is $5,366,000.
    What are key features of this property?
    This property features: - 100% occupied retail center; - Major tenants include Wing Stop and Bank of America; - High traffic location on McLean Boulevard (41,800+ VPD)
    (201) 742-6118
    Request Owner's contact information
    37 E 34Th St Paterson, NJ 07514
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    Paterson, NJ 07514
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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
    37 E 34Th St Paterson, NJ 07514
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