Freestanding Corner Warehouse with
246 Paterson Ave Paterson, NJ 07502
New
246 Paterson Ave, Paterson, NJ, 07502
$799,900
For Sale
$799,900
Freestanding corner warehouse includes a drive-in loading dock, private office, two restrooms, basement storage, and sprinkler system.
Property Size5,000 SF
Lot Size0.11 Acres
Price / SF$159.98
Days on Market4
Property Features for 246 Paterson Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing Agency
REALTY ONE GROUP LEGEND
(973) 686-7777
Listed by
MARYAM ALTADOUKA
Source
Corcoran
Added: Jul 16 Checked: Jul 19 at 2:17 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 REALTY ONE GROUP LEGEND
Investment Insights
Based on property information with market context.
This freestanding corner commercial warehouse sits on a 50' x 100' lot and is designed for a combined office and warehouse operation. The space includes a drive-in loading dock, a private office, and two restrooms, along with a full basement that provides additional storage. A newly installed sprinkler system supports the warehouse improvements.
The property is located at 246 Paterson Ave in Paterson, NJ and is described as being conveniently close to major highways, with about 45 minutes to New York City. It is situated in an R-3 zone; buyers are responsible for conducting their own due diligence regarding zoning and permitted uses.
With its flexible layout and built-in office and storage components, the property may suit owner-users looking for an on-site office alongside warehouse space and loading access.
The property is located at 246 Paterson Ave in Paterson, NJ and is described as being conveniently close to major highways, with about 45 minutes to New York City. It is situated in an R-3 zone; buyers are responsible for conducting their own due diligence regarding zoning and permitted uses.
With its flexible layout and built-in office and storage components, the property may suit owner-users looking for an on-site office alongside warehouse space and loading access.
Key Highlights
- Freestanding corner commercial warehouse on a 50' x 100' lot in Paterson
- Drive‑in loading dock plus a private office for on‑site warehouse and office use
- Includes 2 restrooms and a full basement for additional storage
Local Financial Insights For Warehouse
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 | $86.4k | $17.28 |
| − Vacancy | −$5.2k | −$1.04 |
| EGI | $81.2k | $16.24 |
| − OpEx | −$12.2k | −$2.44 |
| NOI | $69.0k | $13.81 |
5,000 SF · lease $17.28/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.09M
$956.3K – $1.28M
NOI $76,500 @ 7.0% cap · market cap 9.56%
Second Best
Warehouse
$986.2K
$862.9K – $1.15M
NOI $69,034 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AJP appliances warehouse ...
Home Appliance Store
Similar For Sale Nearby
Similar Off Market Nearby
- Pep's Grill & Pizza — 464 Chamberlain Ave, Paterson, NJ 07522
FAQs
What type of property is this?
Flex space - Freestanding corner warehouse includes a drive-in loading dock, private office, two restrooms, basement storage, and sprinkler system.
Where is this flex space located?
The property is located at 246 Paterson Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Freestanding corner commercial warehouse on a 50' x 100' lot in Paterson; Drive‑in loading dock plus a private office for on‑site warehouse and office use; Includes 2 restrooms and a full basement for additional storage
