203 Market St Paterson, NJ 7505
Income-producing commercial building with development potential in Paterson's CBD.
Type:Commercial
Property size:
13,107 SFLot size:
0.14 Acres- Added:
- Feb 17, 2026
- Days on Market:
- 62
- Last Refresh:
- Apr 5 at 8:23 pm
Property Features for 203 Market St
General Information
- Standard status
- Active
- Size
- 13,107 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agent JOSUE ROMERO
Listing office KELLER WILLIAMS PARK VIEWS (201) 939-0050
Listing date Feb 17, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS PARK VIEWS
Overview
Paterson Commercial Building with Income
This income-producing commercial building is located in the heart of Paterson's Central Business District on highly trafficked Market Street. The 3-story masonry property offers approximately 13,107 square feet of downtown real estate with immediate cash flow and significant upside potential. The first floor features a leased retail storefront of approximately 6,500 square feet, and the third floor includes leased office space of approximately 3,500 square feet, providing strong in-place income. The second floor, comprising approximately 3,500 square feet, offers clear value-add potential. The property also includes rear land behind the building, creating additional expansion or development opportunity, subject to municipal approvals. Zoned B-4 CBD, the property supports a variety of commercial and mixed-use possibilities. Based on zoning parameters and preliminary concepts, there may be potential for residential conversion with conceptual estimates ranging from approximately 40 to 90 units, subject to architectural design and full city approvals. This property presents an excellent opportunity for investors, developers, or owner-users seeking cash flow with long-term growth potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1698
- Latitude
- 40.9163
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Income-producing commercial building with development potential in Paterson's CBD.
Where is this mixed-use property located?
The property is located at 203 Market St Paterson, NJ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Prime location in the heart of Paterson's Central Business District on highly trafficked Market Street.; Immediate cash flow from leased retail storefront and office space.; Significant value‑add potential with the vacant second floor.
