Freestanding Office
For Sale
Contact for pricing
350 Preakness Ave, Paterson, NJ 07502
Office property offered for sale with an established Walgreens occupancy.
Property Size14,820 SF
Days on Market144
Property Features for 350 Preakness Ave
General Information
Standard status
Active
Size
14,820 SF
Property subtype
Office
Additional Details
Cap Rate
5.07%
Listing Agency:
AiCRE Partners
Listed By:
Bryant Hoover · License #775999
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 9:00AM
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 AiCRE Partners
Investment Insights
Based on property information with market context.
This freestanding office property at 350 Preakness Ave in Paterson, New Jersey contains 14,820 square feet. The asset is identified as a Walgreens location and is offered for sale.
The property carries a reported 5.07% capitalization rate, providing a concise basis for evaluating the offering alongside its existing occupancy and physical scale.
The property carries a reported 5.07% capitalization rate, providing a concise basis for evaluating the offering alongside its existing occupancy and physical scale.
Key Highlights
- 14,820 SF office property
- Reported 5.07% CAP rate
- Walgreens location
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Explore this area
Business Placement
Demographics for 07502, NJ
16,592
Population
4,861
Households
3.4
Avg Household Size
35
Median Age
17%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
18,436
Density / Sq Mi
$68,649
Median Household Income
$32,407
Median Earnings
$1,492
Median Rent
$347,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property offered for sale with an established Walgreens occupancy.
Where is this office building located?
The property is located at 350 Preakness Ave Paterson, NJ.
What are key features of this property?
This property features: 14,820 SF office property; Reported 5.07% CAP rate; Walgreens location
