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Modern East Rutherford Income Property
For Sale
$999,999

368 Paterson Ave, East Rutherford, NJ 07073

Newer construction, fully occupied residential and retail property for sale.

Property SizeContact for details
Days on Market603

Property Features for 368 Paterson Ave

General Information

Standard status Active
Listing Agency: Logistics Real Estate Services
Listed By: Justin Smith
Source: Exprealty
Added: Dec 9, 2024 Changed: Jul 6 Last Checked: Jul 31 at 3:10PM

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 Logistics Real Estate Services

Investment Insights

Based on property information with market context.

This is a newer construction property featuring modern, open floor plans. It is located in the heart of East Rutherford and was designed and built by a well-known and respected developer. The property is fully occupied. The residential tenants are on month-to-month agreements, and the store has a lease with an option. The location provides convenient access to buses, shopping, and highways. Situated in desirable East Rutherford, a tax appeal is in progress.

Key Highlights

  • Newer construction featuring modern, open floor plans.
  • Prime location in desirable East Rutherford.
  • Fully occupied with income potential for both residential and commercial spaces.

Property Analytics

Current Use

Nita's Threading Salon Hair Salon

Suggested Use

Top Pick Parking Lot & Garage Tattoo & Piercing Shop Butcher Nursing Home (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,913
Businesses Nearby
137k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 38% Apparel 26% Groceries 18% Dining 17%
Marshalls Apparel
35,957 visits/mo 0.4 miles
Dollar Tree Shops & Services
25,598 visits/mo 0.5 miles
Aldi Groceries
24,250 visits/mo 0.5 miles
Panera Bread Dining
14,607 visits/mo 0.5 miles
Chase Bank Shops & Services
10,793 visits/mo 0.5 miles

Demographics for 07073, NJ

10,022
Population
4,325
Households
2.3
Avg Household Size
38
Median Age
45%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
2,709
Density / Sq Mi
$91,789
Median Household Income
$59,221
Median Earnings
$1,867
Median Rent
$453,500
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

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  • Stop & Shop Florist Carlstadt, NJ 07072

Frequently Asked Questions

What type of property is this?
Storefront property - Newer construction, fully occupied residential and retail property for sale.
Where is this storefront property located?
The property is located at 368 Paterson Ave East Rutherford, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Newer construction featuring modern, open floor plans.; Prime location in desirable East Rutherford.; Fully occupied with income potential for both residential and commercial spaces.
More about this property
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