Vacant Retail Building in
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
Days on Market100
Property Features for 139 Wayne Ave
General Information
- Standard status
- Active
- Size
- 5,050 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Listing agency
TRIUMPH GROUP REAL ESTATE
(201) 482-6900
Listed by
MOHAMED EISA
Source
Corcoran
Added: Apr 14 Updated: Jul 10 at 3:55PM Checked: Jul 22 at 7:02AM
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
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $77,229 @ 7.0% cap · market cap 7.28%
Second Best
Retail
$1.03M
$901.0K – $1.20M
NOI $72,080 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
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
Similar For Sale Nearby
Similar Off Market Nearby
- BD Supermarket — 100 Sherwood Ave, Paterson, NJ 07502
- Tana's Food Market — 52 Cianci St, Paterson, NJ 07501
- J & S Mini Market — 94 Nagle St, Paterson, NJ 07501
- SAGAL Food Market — 174 Main St, Paterson, NJ 07505
- Mama Coloma grocery & deli — 175 Mill St, Paterson, NJ 07501
FAQs
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.
