Versatile Commercial Property in East
307 Paterson Ave, East Rutherford, NJ 07073
Commercial property with office, garages, storage, and apartment.
Type:Commercial
Property size:
6,300 SFPrice / SF:
$190/SF- Added:
- May 21, 2026
- Days on Market:
- 9
- 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 agent STEVEN N EMERY
Listing office KELLER WILLIAMS PROSPERITY REALTY (973) 696-0077
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
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.
- Professional office area: Well‑designed space perfect for administrative work, client meetings, or team collaboration.
- Expansive storage room: A generous area to store parts, tools, or inventory.
- Convenient half bath: Accessible for both staff and clients.
Overview
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.
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
NOI $89,922 @ 7.0% cap · market cap 7.49%
Second Best
Warehouse
$1.23M
$1.07M – $1.43M
NOI $85,865 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,154 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Motorcraft Limited
Auto Repair Shop
Similar Places Nearby
- Avis Car Rental — 1 Orient Wy, Rutherford, NJ 07070
- Budget Car Rental — 1 Orient Wy, Rutherford, NJ 07070
- 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
Location Insight
- Map
- Local Demand
- City
- East Rutherford
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.0985646
- Latitude
- 40.8357105
Nearby Similar for Sale
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.
