Renovated Mixed-Use Building For
For Sale
$525,000
541 Union #2, Paterson, NJ 07522
Mixed-use building with bar, karaoke, sports, and residential units.
Property SizeContact for details
Days on Market171
Property Features for 541 Union #2
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,000
Amenities
Central Air Heating
Gas Heating
Hot Air Heating
Listing Agency:
CENTURY 21 JR GOLD TEAM REALTY, LLC
(973) 772-9404
Listed By:
JOHNNY ROJAS · License #0017014
Source:
Corcoran
Added: Feb 18
Changed: Aug 8
Last Checked: Aug 8 at 6:08AM
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 CENTURY 21 JR GOLD TEAM REALTY, LLC
Investment Insights
Based on property information with market context.
This mixed-use building, totally renovated in 2023, presents an excellent opportunity near the center of Paterson. The first floor features EL CUBETAZO BAR KARAOKE SPORTS, offered for sale without a liquor license. It includes brand new refrigeration equipment, featuring two glass door back bar coolers, one bottle cooler, and one ice machine. The bar area is equipped with a three-compartment sink, an additional sink, two ice bins with seven circuit boards, one glass rack, and one glasswasher machine. There are also two soda gun systems connected to the ice bin and an additional standing freezer located in the apartment. Granite countertops, brand new furniture including bar stools, tables, regular chairs, tables, and leather couches enhance the space. The bar also features crown molding, LED lighting, recessed ceiling lighting, two JBL speakers, ten in-ceiling speakers, and a SONOS system. Thirteen Samsung Smart TVs are installed, supported by fully wired Ethernet cabling and HDMI wiring with a switch and splitter. An EPSON projector with a 120' electric screen is also included, along with a digital LED display for the front window and hardwood floors. The second floor contains a 2-bedroom apartment with a combination living room and kitchen, a full bath, and central air. The property also includes a full unfinished basement with a 1/2 bath.
Key Highlights
- Fully renovated in 2023, offering a modern and updated space.
- Mixed‑use building provides versatile options for business and residential use.
- First floor bar/karaoke/sports venue with new refrigeration equipment and furniture.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,353
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?
Mixed-use property - Mixed-use building with bar, karaoke, sports, and residential units.
Where is this mixed-use property located?
The property is located at 541 Union #2 Paterson, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully renovated in 2023, offering a modern and updated space.; Mixed‑use building provides versatile options for business and residential use.; First floor bar/karaoke/sports venue with new refrigeration equipment and furniture.
