320 Market St Paterson, NJ 07501
Two levels offer a current barbershop on the first floor and a vacant second-floor retail space.
Property Features for 320 Market St
General Information
- Standard status
- Active
- Size
- 2,310 SF
- Property subtype
- Commercial
Listing office EXP REALTY, LLC (866) 201-6210
Listing date Jun 10, 2026
Source Corcoran
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Investment Insights
Based on property information with market context.
The property is located at 320 Market St in Paterson City, NJ, in the Sandyhill neighborhood just outside the core of Downtown Paterson. The surrounding area includes a mixture of commercial stores and residential homes, supporting neighborhood-oriented retail activity.
For buyers or operators, the combination of an operating first-floor use and a vacant second-floor space can fit an owner-occupant model with room to expand, or a buyer seeking to lease the upper level separately. The existing two-story arrangement and ready-to-use commercial footprint make it straightforward to evaluate for a variety of retail and service concepts, subject to applicable approvals.
Key Highlights
- Two‑level multi‑use property with a barber shop on the first floor
- First‑floor barber shop has no lease in place
- Second‑floor store space is currently vacant
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 | $49.9k | $21.60 |
| − Vacancy | −$2.8k | −$1.21 |
| EGI | $47.1k | $20.39 |
| − OpEx | −$14.1k | −$6.12 |
| NOI | $33.0k | $14.27 |
