122 16Th Ave, Paterson, NJ 07501

Building Details

Year Built

1925

Listing agent MENACHEM SILBERMAN

Listing office KELLER WILLIAMS MID-TOWN DIRECT k***@kw.com Show Phone

Listing date Jun 13, 2026

Source Corcoran

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 KELLER WILLIAMS MID-TOWN DIRECT

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Overview

This six-unit mixed-use property includes two commercial storefronts combined into one larger commercial space configured as a restaurant kitchen, with extensive fridge/freezer storage. The residential component consists of four apartments: two newly renovated 3-bedroom units, one freshly refreshed 2-bedroom unit, and one additional 2-bedroom unit. The property is being marketed as a blank-canvas, value-add opportunity.

Located at 122 16th Ave in Paterson City, NJ 07501, the offering is described as situated in an RA-2 zoning redevelopment district. The public remarks also reference redevelopment positioning and potential tax-related considerations associated with redevelopment activity in that context.

For tenants, developers, and investors, the layout supports a mixed-use concept that ties a ready-to-operate restaurant kitchen configuration to multiple residential units within the same building. For buyers evaluating redevelopment or repositioning, the combined storefront-to-kitchen configuration and the blend of apartment sizes (3-bedroom and 2-bedroom) can help align the property with a broader range of end-user and tenant profiles, while providing a starting point to refine the space to your preferred operational plan.

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Daycare Center

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

Location Insight

• Map
• Local Demand

City

Paterson

County

Passaic

State

New Jersey

Longitude

-74.1621843

Latitude

40.9158386

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FAQs

What type of property is this?

Mixed-use property - Six-unit mixed-use asset pairs a restaurant kitchen buildout with four apartments, positioned in a redevelopment zoning district.

Where is this mixed-use property located?

The property is located at 122 16Th Ave Paterson, NJ.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: 6‑unit mixed‑use property with 2 commercial storefronts combined into one spacious commercial space; Commercial space includes restaurant kitchen buildout with extensive fridge/freezer storage; Four residential units on‑site, including two newly renovated 3‑bedroom apartments