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Mixed-Use Building with Grocery Store

348 E 23rd St, Paterson, NJ 07514

For Sale
$1,299,000

The property combines a grocery store with five apartments, each configured with two bedrooms and a full bath.

Property SizeContact for details
Days on Market74

Property Features for 348 E 23rd St

General Information

Standard status Active
Property subtype Commercial
Occupancy 100%

Additional Details

Multifamily Units 5
Tenant in Place Yes

Building Details

Buildings 1
Listing Agency: UNITED REAL ESTATE
Listed By: CARLOS TOME
Source: Brentsellsnj
Added: Aug 28 Changed: Nov 8 Last Checked: Nov 8 at 7:25AM

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 UNITED REAL ESTATE

Rey
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Investment Insights

Based on property information with market context.

A mixed-use building in Paterson contains a grocery store and five apartments. Each apartment has five rooms, two bedrooms and one full bath. The building is fully rented, and inspections are current.

The sale covers the building only.

Key Highlights

  • Five apartments, each with five rooms, two bedrooms and a full bath
  • Ground‑floor grocery store
  • Fully rented; inspections are current

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Pily Groceries Grocery & Convenience Store ATM Atm

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Tech Support Center Clothing & Fashion Store Veterinary Clinic Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,421
Businesses Nearby

Demographics for 07514, NJ

19,200
Population
6,752
Households
2.8
Avg Household Size
37
Median Age
12%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
21,333
Density / Sq Mi
$65,492
Median Household Income
$34,962
Median Earnings
$1,472
Median Rent
$314,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Paterson, NJ

$294 Jul
$217 Aug
$251 Sep
$250 Oct

Properties on Market for Mixed-use properties in Paterson

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines a grocery store with five apartments, each configured with two bedrooms and a full bath.
Where is this mixed-use property located?
The property is located at 348 E 23rd St Paterson, NJ.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Five apartments, each with five rooms, two bedrooms and a full bath; Ground‑floor grocery store; Fully rented; inspections are current
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