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Versatile Commercial Property in East Rutherford

307 Paterson Ave East Rutherford, NJ 07073

Claim this Listing
For Sale
$1,200,000

Commercial property with office, garages, storage, and apartment.

Type:Commercial
Property size:
6,300 SF
Price / SF:
$190.48/SF
Added:
May 21, 2026
Days on Market:
55
Last Refresh:
May 27 at 7:24 am

Property Features for 307 Paterson Ave

General Information

Standard status
Active
Size
6,300 SF
Property subtype
Commercial

Building Details

Year Built
1940

Listing office KELLER WILLIAMS PROSPERITY REALTY

Listing date May 21, 2026

Source Corcoran

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 KELLER WILLIAMS PROSPERITY REALTY


Investment Insights

Based on property information with market context.

Located in the heart of bustling downtown East Rutherford, this versatile commercial property offers a rare opportunity for business owners, investors, and automotive enthusiasts. Designed for flexibility and function, it features a spacious office area, multiple garages, and ample vehicle storage, making it ideal for a wide range of uses from auto-related businesses to storage and light industrial operations. The property includes a well-designed professional office area perfect for administrative work, client meetings, or team collaboration. There are two spacious, multi-bay garages with lift, ideal for vehicle maintenance, detailing, restoration, or workshop needs. An expansive storage room offers a generous area to store parts, tools, or inventory. A convenient half bath is accessible for both staff and clients. A rare and unique feature is the secure second-floor vehicle storage for cars, trucks, or specialty equipment. The property also includes a bonus 1-bedroom apartment ideal for on-site living or generating additional rental income, featuring a full kitchen, cozy living area, and private bath. The property size is 6300 square feet. With its central location, easy access to major highways, and proximity to local amenities, this property is as practical as it is versatile. Whether you're looking to expand your auto business, launch a new venture, or simply create the ultimate car lover's workshop and storage hub.

Key Highlights

  • Multiple Garages: Two spacious, multi‑bay garages with lift ideal for vehicle maintenance, detailing, restoration, or workshop needs.
  • Secure second‑floor vehicle storage for cars, trucks, or specialty equipment.
  • Bonus 1‑bedroom apartment: Ideal for on‑site living or generating additional rental income with a full kitchen, cozy living area, and private bath.

Local Financial Insights For 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 $136.1k $21.60
− Vacancy −$7.6k −$1.21
EGI $128.5k $20.39
− OpEx −$38.5k −$6.12
NOI $89.9k $14.27
6,300 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.28M
$1.12M – $1.50M (±1% cap)
NOI $89,922 @ 7.0% cap · market cap 7.49%
Second Best
Flex RnD
$1.19M
$1.04M – $1.39M (±1% cap)
NOI $83,145 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M (±1% cap)
NOI $115,154 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Motorcraft Limited Auto Repair Shop

Suggested Use

Nursing Home Tattoo & Piercing Shop Mobile Phone Store (Bike/Boat/Book/etc) Store Fish Market Catering Service Bed & Breakfast Butcher Clothing & Fashion Store Clothing & Fashion Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

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  • Limo For My Wedding — 40 Feronia Wy, Rutherford, NJ 07070
  • Chauffeurs4U — 38 Vreeland Ave, East Rutherford, NJ 07073
  • C&C Tire — 21 NJ-17 Suite 2, East Rutherford, NJ 07073

FAQs

What type of property is this?
Automotive property - Commercial property with office, garages, storage, and apartment.
Where is this automotive property located?
The property is located at 307 Paterson Ave East Rutherford, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Multiple Garages: Two spacious, multi‑bay garages with lift ideal for vehicle maintenance, detailing, restoration, or workshop needs.; Secure second‑floor vehicle storage for cars, trucks, or specialty equipment.; Bonus 1‑bedroom apartment: Ideal for on‑site living or generating additional rental income with a full kitchen, cozy living area, and private bath.
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