242-244 Main St Paterson, NJ 07505
Six-story mixed-use building with retail and apartments on Main St.
Source: Alpine MC Realty LLC
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Building on Main Street
This six-story mixed-use building is located on Main Street. The building features one retail space and five apartments. The building has the potential to increase income, as the current rent is below market value. The current income is $119,400. Each floor provides 1,800 square feet of space. There is potential to create a three-bedroom apartment on each floor. Four apartments are updated. The building has separated heating and a full basement. The sixth floor is currently vacant. The retail space is occupied by a cell phone store. The potential income could exceed $200,000.
Location Intelligence
Current Use by Public Records
BelcoBTM Bitcoin ATM
Atm
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1733894
- Latitude
- 40.9163831
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Six-story mixed-use building with retail and apartments on Main St.
Where is this mixed-use property located?
The property is located at 242-244 Main St Paterson, NJ.
What is the asking price?
The asking price for this property is $1,359,000.
What are key features of this property?
This property features: - High Income Potential: Raise rents to market value and potentially exceed $200,000 annually.; - Prime Location: Situated on Main St., the busiest street in Paterson, ensuring high visibility and foot traffic.; - Mixed-Use Building: Features a retail space and five apartments, offering diversified income streams.