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Restored Retail Storefront
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38-40 Park Avenue, Paterson, NJ 07501

Restored, fully occupied commercial space near NJ Transit’s Market Street station and Center City Mall.

Property Size7,350 SF
Days on Market6

Property Features for 38-40 Park Avenue

General Information

Standard status Active
Size 7,350 SF
Property subtype Retail
Occupancy 100%

Building Details

Building Size 7,350 SF
Year Renovated 2014
Listing Agency:
Listed By: Joseph Keenan
Source: Kislakrealty
Added: Aug 16 Changed: Aug 17 Last Checked: Aug 21 at 4:25AM

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 Joseph Keenan

Investment Insights

Based on property information with market context.

This restored storefront property at 38-40 Park Avenue provides approximately 7,350± SF of rentable commercial space. The current ownership completed a comprehensive restoration, and the building received a historic preservation award from the City of Paterson in 2014.

The property is within walking distance of NJ Transit’s Market Street station and The Center City Mall. It is reported to be 100% occupied, offering an established commercial occupancy profile in a transit-accessible Paterson location.

Key Highlights

  • 7,350± SF of rentable commercial space
  • Comprehensively restored by current ownership
  • Received a City of Paterson historic preservation award in 2014

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Nursing Home Veterinary Clinic (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Tanning Salon

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

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,662
Businesses Nearby
128k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 56% Shops & Services 26% Groceries 9% Apparel 8%
Wendy's Dining
26,654 visits/mo 0.4 miles
Checkers Dining
13,508 visits/mo 0.1 miles
Golden Mango Groceries
11,388 visits/mo 0.3 miles
Exxon Shops & Services
10,493 visits/mo 0.5 miles
Popeyes Louisiana Kitchen Dining
9,276 visits/mo 0.2 miles

Demographics for 07501, NJ

37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Restored, fully occupied commercial space near NJ Transit’s Market Street station and Center City Mall.
Where is this storefront property located?
The property is located at 38-40 Park Avenue Paterson, NJ.
What are key features of this property?
This property features: 7,350± SF of rentable commercial space; Comprehensively restored by current ownership; Received a City of Paterson historic preservation award in 2014
More about this property
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