Mixed-Use Building on Main
242-244 Main Paterson, NJ 07505
242-244 Main, Paterson, NJ, 07505
$1,459,000
For Sale
$1,459,000
Six-story mixed-use building with retail and apartments on Main St.
Property Size1,800 SF
Price / SF$810.56
Days on Market300
Property Features for 242-244 Main
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Commercial
Listing Agency
ALPINE MC REALTY LLC
(201) 429-2999
Listed by
WOO CHOI
Source
Corcoran
Added: Sep 25, 2025 Updated: Jul 10 at 12:57 pm Checked: Jul 20 at 3:48 am
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 ALPINE MC REALTY LLC
Investment Insights
Based on property information with market context.
This six-story mixed-use building is located on Main Street in Paterson. The property features one retail space and five apartments. The building offers potential for increased income, as the current rent is below market value. The current income is $119,400. Each floor provides 1800 square feet of space. There is potential to create a three-bedroom apartment on each floor. Four apartments are updated. The building has separated heating and a full basement. The sixth floor is currently vacant. The retail space is occupied by a cell phone store. The location on Main Street, the busiest street in Paterson, adds to the property's value.
Key Highlights
- High Income Potential: Opportunity to significantly increase income exceeding $200,000 by raising rents to market value and converting apartments to 3‑beds.
- Prime Location: Situated on Main St., the busiest street in Paterson, ensuring high visibility and foot traffic.
- Mixed‑Use Building: Features a retail space and five apartments, providing diverse income streams.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
BelcoBTM Bitcoin ATM
Atm
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FAQs
What type of property is this?
Mixed-use property - Six-story mixed-use building with retail and apartments on Main St.
Where is this mixed-use property located?
The property is located at 242-244 Main Paterson, NJ.
What is the asking price?
The asking price for this property is $1,459,000.
What are key features of this property?
This property features: High Income Potential: Opportunity to significantly increase income exceeding $200,000 by raising rents to market value and converting apartments to 3‑beds.; Prime Location: Situated on Main St., the busiest street in Paterson, ensuring high visibility and foot traffic.; Mixed‑Use Building: Features a retail space and five apartments, providing diverse income streams.
