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    294 Broadway Paterson, NJ 07501

    For Sale
    $1,290,000

    Two-story commercial building with four tenants, elevator, and parking.

    Lot size:
    0.18 Acres

    Property Features for 294 Broadway

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    2008

    Source: COLDWELL BANKER SUSANI REALTY Agent HATM BASUF

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

    Overview

    Two-Story Commercial Building For Sale

    This two-story commercial building, constructed 17 years ago, is a prime investment opportunity. The property is well-maintained and features decorated public areas. It currently houses four tenants, including a dentist with a lease. The building is located at 294-298 Broadway and includes 18 parking spaces. Situated near the Downtown area and a bus and train terminal to NYC, the location is on a main road in the heart of Paterson. An elevator serves both floors. The property is zoned by the City as suitable for dental, medical, and office use, making it ideal for physicians, wellness professionals, retail, and offices. Security features include an electrical motorized gate for the parking lot, steel doors, gated exterior doors, and closed-circuit monitoring in all public areas. The property offers exceptional rental potential.
    Location Intelligence

    Current Use by Public Records

    Dr. Faizul T. ... Dentist Paterson Dental Clinic Dentist Spirit Acupuncture Acupuncture School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1620268
    Latitude
    40.9185499

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    FAQs

    What type of property is this?
    Office building - Two-story commercial building with four tenants, elevator, and parking.
    Where is this office building located?
    The property is located at 294 Broadway Paterson, NJ.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: - Four-tenant commercial building with existing dentist lease.; - Prime location on Broadway, a main road in the heart of Paterson.; - Zoned for dental, medical, and office use.
    (973) 790-6996
    Request Owner's contact information
    294 Broadway Paterson, NJ 07501
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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
    294 Broadway Paterson, NJ 07501
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