Mixed-Use Mill Redevelopment
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466-480 Totowa Ave, Paterson, NJ 07522
Existing mill building on a 200-by-215 lot with approved plans for a 127-unit mixed-use redevelopment.
Property Size90,000 SF
Days on Market156
Property Features for 466-480 Totowa Ave
General Information
Standard status
Active
Size
90,000 SF
Property subtype
Land, Self Storage
Zoning
Redevelopment
Investment Type
Redevelopment
Building Details
Stories
4
Listing Agency:
IPRG Investment Property Realty Group
Listed By:
Yanni Marmarou · License #0900170
Source:
Crexi
Added: Apr 6
Changed: Aug 14
Last Checked: Sep 6 at 8:31PM
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 IPRG Investment Property Realty Group
Investment Insights
Based on property information with market context.
The subject property is an approximately 91,000-square-foot mill building that has city-approved plans for redevelopment into a 127-unit mixed-use building. The approved redevelopment includes a buildable extension of approximately 42,765 square feet, with approximately 7,000 square feet allocated to retail space and 138 parking spaces.
The property is located in Paterson’s historic First Ward. It is described as being steps from Hinchliffe Stadium, Paterson Great Falls National Historical Park, and the newly completed Vista Park, and minutes from Westside Park and the historic Great Falls mill district.
The offering consists of an existing mill structure with an approved development program that combines residential units, retail space, and parking within the existing 200-by-215 lot configuration.
The property is located in Paterson’s historic First Ward. It is described as being steps from Hinchliffe Stadium, Paterson Great Falls National Historical Park, and the newly completed Vista Park, and minutes from Westside Park and the historic Great Falls mill district.
The offering consists of an existing mill structure with an approved development program that combines residential units, retail space, and parking within the existing 200-by-215 lot configuration.
Key Highlights
- Existing ~91,000 SF mill building on a 200’ x 215’ lot in Paterson’s First Ward
- City of Paterson‑approved redevelopment plans for a 127‑unit mixed‑use building
- Plans include a ~42,765 SF buildable extension with 7,000 SF of retail space
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,962
Businesses Nearby
Explore this area
Business Placement
Demographics for 07522, NJ
23,345
Population
7,440
Households
3.1
Avg Household Size
31
Median Age
10%
College-Educated
77%
High-School Grad
0.9 sq mi
ZIP Area
25,939
Density / Sq Mi
$48,002
Median Household Income
$31,997
Median Earnings
$1,458
Median Rent
$264,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Existing mill building on a 200-by-215 lot with approved plans for a 127-unit mixed-use redevelopment.
Where is this apartment building located?
The property is located at 466-480 Totowa Ave Paterson, NJ.
What are key features of this property?
This property features: Existing ~91,000 SF mill building on a 200’ x 215’ lot in Paterson’s First Ward; City of Paterson‑approved redevelopment plans for a 127‑unit mixed‑use building; Plans include a ~42,765 SF buildable extension with 7,000 SF of retail space
