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Vacant Retail Building in Paterson

139 Wayne Ave Paterson, NJ 07502

139 Wayne Ave, Paterson, NJ, 07502

$1,061,000

For Sale

$1,061,000

Two-story, 5,050 SF retail building in active commercial corridor.

Property Size5,050 SF

Lot Size0.12 Acres

Price / SF$210.10

AddedApr 14

Days on Market94

Last RefreshJul 16 at 5:10 am

Property Features for 139 Wayne Ave

General Information

Standard status: Active
Size: 5,050 SF
Lot size: 0.12 Acres
Property subtype: Commercial

Listing office TRIUMPH GROUP REAL ESTATE

Listing date Apr 14, 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 TRIUMPH GROUP REAL ESTATE

Investment Insights

Based on property information with market context.

Located in Paterson's Totowa commercial corridor, immediately west of Downtown Paterson, this property presents a retail or investment opportunity. The property features a 5,050 SF two-story retail building on a 50' x 101' lot. The building is offered vacant at closing, providing flexibility for owner-users, investors, or those interested in redevelopment. Currently operating as a supermarket, the property includes existing walk-in coolers and freezers and a functional retail layout. It is suited for grocery, specialty food, discount retail, medical, or other neighborhood-serving commercial uses. The property is located in a densely populated residential trade area with strong pedestrian and vehicular traffic. The asset offers visibility, consumer demand, and long-term retail fundamentals. This is an opportunity to acquire a vacant urban retail asset with owner-user utility, lease-up or investment upside, and future redevelopment potential in one of Paterson's established neighborhood retail submarkets.

Key Highlights

Vacant at closing: Provides immediate flexibility.
Located in a densely populated area with strong pedestrian and vehicular traffic.
Excellent visibility and established consumer demand.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$109.1k	$21.60
− Vacancy	−$6.1k	−$1.21
EGI	$103.0k	$20.39
− OpEx	−$25.7k	−$5.10
NOI	$77.2k	$15.29

5,050 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.10M

$965.4K – $1.29M (±1% cap)

NOI $77,229 @ 7.0% cap · market cap 7.28%

Second Best

Retail

$1.03M

$901.0K – $1.20M (±1% cap)

NOI $72,080 @ 7.0% cap · market cap 6.79%

Theoretical Best

Office A

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,306 @ 7.0% cap · market cap 8.70%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Noya Bazaar Supermarket Specialty Food Shop Western Union Bank

Suggested Use

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Similar Off Market Nearby

La Nany Supermarket — 356 Union Ave, Paterson, NJ 07502
BD Supermarket — 100 Sherwood Ave, Paterson, NJ 07502
Tana's Food Market — 52 Cianci St, Paterson, NJ 07501
Al Madina Supermarket, LLC — 301 Preakness Ave, Paterson, NJ 07502
SAGAL Food Market — 174 Main St, Paterson, NJ 07505

What type of property is this?

Grocery and convenience store - Two-story, 5,050 SF retail building in active commercial corridor.

Where is this grocery and convenience store located?

The property is located at 139 Wayne Ave Paterson, NJ.

What is the asking price?

The asking price for this property is $1,061,000.

What are key features of this property?

This property features: Vacant at closing: Provides immediate flexibility.; Located in a densely populated area with strong pedestrian and vehicular traffic.; Excellent visibility and established consumer demand.