Mixed-Use Property with Rental
480 Main St Paterson, NJ 07501
480 Main St, Paterson, NJ, 07501
$790,000
For Sale
$790,000
Mixed-use property featuring commercial space and residential units.
Property Size4,318 SF
Lot Size0.05 Acres
Price / SF$182.96
Days on Market194
Property Features for 480 Main St
General Information
- Standard status
- Active
- Size
- 4,318 SF
- Lot size
- 0.05 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing Agency
WEICHERT REALTORS
(201) 333-4443
Listed by
SANDY CUEVAS · License #300178
Source
Corcoran
Added: Jan 6 Checked: Jul 19 at 4:49 am
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 WEICHERT REALTORS
Investment Insights
Based on property information with market context.
This mixed-use property features a commercial space on the first level, currently occupied by an appliance store. The second and third floors contain two 4-bedroom units, which are currently rented. The property has a size of 4318 square feet. This property can also be purchased as a package with another property located at 478 Main St, Paterson NJ for an additional price.
Key Highlights
- Mix use property
- Commercial space on the first level
- Two 4‑bedroom units on the 2nd and 3rd floors
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 | $93.3k | $21.60 |
| − Vacancy | −$5.2k | −$1.21 |
| EGI | $88.0k | $20.39 |
| − OpEx | −$26.4k | −$6.12 |
| NOI | $61.6k | $14.27 |
4,318 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$880.5K
$770.4K – $1.03M
NOI $61,632 @ 7.0% cap · market cap 7.80%
Second Best
Mixed Use
$814.3K
$712.5K – $950.0K
NOI $56,998 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$1.13M
$986.6K – $1.32M
NOI $78,926 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Last Stop Appliances
Home Appliance Store
Main Tire
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property featuring commercial space and residential units.
Where is this mixed-use property located?
The property is located at 480 Main St Paterson, NJ.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Mix use property; Commercial space on the first level; Two 4‑bedroom units on the 2nd and 3rd floors
