Light Industrial Building
For Sale
Contact for pricing
50 Spruce St, Paterson, NJ 07501
Three-story light industrial building approved for adaptive reuse into 38 residential units with ground-floor commercial space.
Property Size52,065 SF
Days on Market121
Property Features for 50 Spruce St
General Information
Standard status
Active
Size
52,065 SF
Property subtype
Industrial
Zoning
AR-I
Additional Details
Highway Access
Yes
Multifamily Units
38
Building Details
Stories
3
Listing Agency:
Providence Real Estate Advisors
Listed By:
Daniel Aviles · License #NJ 1431064
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 5:42PM
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 Providence Real Estate Advisors
Investment Insights
Based on property information with market context.
This three-story light industrial building totals 52,065 square feet and is approved for adaptive reuse into 38 residential units along with ground-floor commercial space. The residential approval includes 22 one-bedroom units, 15 two-bedroom units, and 1 three-bedroom unit.
The property is located in Paterson, New Jersey, in the AR-I Adaptive Reuse and Infill District. The public remarks note permitted uses beyond residential, along with a convenient location near major highways and short walks to local points of interest including The Paterson Great Falls National Historic Park.
The offering centers on a conversion-ready redevelopment path, with ground-floor commercial space integrated into the approved site plan and unit mix.
The property is located in Paterson, New Jersey, in the AR-I Adaptive Reuse and Infill District. The public remarks note permitted uses beyond residential, along with a convenient location near major highways and short walks to local points of interest including The Paterson Great Falls National Historic Park.
The offering centers on a conversion-ready redevelopment path, with ground-floor commercial space integrated into the approved site plan and unit mix.
Key Highlights
- 52,065 SF, three‑story light industrial building in Paterson, NJ
- Approved for adaptive reuse into 38 residential units with ground‑floor commercial space
- Unit mix approved: 22 one‑bedroom, 15 two‑bedroom, and 1 three‑bedroom apartment
Property Analytics
Current Use
Lease Details
38
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,800
Businesses Nearby
Explore this area
Business Placement
Demographics for 07501, NJ
37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story light industrial building approved for adaptive reuse into 38 residential units with ground-floor commercial space.
Where is this apartment building located?
The property is located at 50 Spruce St Paterson, NJ.
What are key features of this property?
This property features: 52,065 SF, three‑story light industrial building in Paterson, NJ; Approved for adaptive reuse into 38 residential units with ground‑floor commercial space; Unit mix approved: 22 one‑bedroom, 15 two‑bedroom, and 1 three‑bedroom apartment
