Mixed-Use Property with
For Sale
$769,000
515 Park Ave, Paterson, NJ 07504
Two commercial spaces and two residential units occupy the building.
Property SizeContact for details
Days on Market56
Property Features for 515 Park Ave
General Information
Standard status
Active
Property subtype
Commercial Listing
Zoning
R2
Additional Details
Floor
1
Taxes and HOA fees
Annual Taxes
$15,743
Building Details
Year Built
1040
Buildings
1
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
(973) 634-8853
Listed By:
Nicholas Real Estate
(973) 634-8853
Source:
Nicholasrealestate.idxbroker
Added: Jul 6
Changed: Aug 29
Last Checked: Aug 30 at 1:04PM
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 Nicholas Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property at 515 Park Ave in Paterson City, NJ 07504 combines commercial and residential occupancy within one building. The first floor contains two commercial spaces configured as a restaurant and a barber shop, while the second floor includes two three-bedroom apartments.
Separate heat and electric systems serve the property. The roof is approximately 10 years old, and the site carries R2 zoning. The combination of street-level commercial space and upper-floor apartments creates a straightforward mixed-use configuration for review.
Separate heat and electric systems serve the property. The roof is approximately 10 years old, and the site carries R2 zoning. The combination of street-level commercial space and upper-floor apartments creates a straightforward mixed-use configuration for review.
Key Highlights
- Two first‑floor commercial spaces include a restaurant and barber shop
- Two second‑floor apartments, each with 3 bedrooms
- Separate heat and electric systems
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,241
Businesses Nearby
Explore this area
Business Placement
Demographics for 07504, NJ
13,413
Population
4,105
Households
3.3
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
0.8 sq mi
ZIP Area
16,766
Density / Sq Mi
$67,269
Median Household Income
$37,024
Median Earnings
$1,426
Median Rent
$369,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces and two residential units occupy the building.
Where is this mixed-use property located?
The property is located at 515 Park Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Two first‑floor commercial spaces include a restaurant and barber shop; Two second‑floor apartments, each with 3 bedrooms; Separate heat and electric systems
