213 Franklin St Paterson, NJ 7524
3,398 SF mixed-use property with residential and commercial potential.
Type:Mixed Use, Multifamily, Retail, Special Purpose
Property size:
3,398 SF- Added:
- Aug 29, 2024
- Days on Market:
- 596
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 213 Franklin St
General Information
- Standard status
- Active
- Size
- 3,398 SF
- Property subtype
- Mixed Use, Multifamily, Retail, Special Purpose
Listing agent Stavros Adonis Mallios License #FL SL3517036
Listing office Florida Homes Realty and Mortgage
Listing date Aug 29, 2024
Source Crexi
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 Florida Homes Realty and Mortgage
Overview
Paterson Mixed-Use Value-Add Opportunity
This 3,398 square foot mixed-use property in Paterson, NJ, offers a blend of residential and commercial potential. It is suited for investors seeking to enhance and maximize returns in an urban market. The residential portion features layouts and modern features, offering opportunities to increase rental income or resale value through upgrades and renovations. The ground-floor commercial space is suitable for businesses aiming to establish or expand in a high-traffic area. Improvements such as modernizing the storefront, enhancing the interior design, or reconfiguring the space could boost its appeal and rental income. The property is located in a developing area of Paterson, near transportation routes and a local community. Demand for residential and commercial spaces is expected to rise, enhancing the property's long-term value. The commercial space is suited for retail, office, or dining establishments.
Location Intelligence
Current Use by Public Records
R-LORENZO AUTO REPAIR ...
Auto Repair Shop
D&B Auto Repair
Auto Repair Shop
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1561301
- Latitude
- 40.9262262
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 3,398 SF mixed-use property with residential and commercial potential.
Where is this mixed-use property located?
The property is located at 213 Franklin St Paterson, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Significant value‑add potential in a thriving urban market, ideal for investors looking to maximize returns.; Mixed‑use property (3,398 SF) balancing residential comfort with commercial potential.; **Ground‑floor commercial space** suitable for retail, office, or dining establishments in a high‑traffic area.
