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Retail Space with Build-Out Options
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587 River St, Paterson, NJ 07524

The ground-floor premises can be divided into smaller suites.

Space Size10,000 SF
Days on Market368

Property Features for 587 River St

General Information

Standard status Active
Size 10,000 SF
Net Rentable 10,000 SF
Zoning MU
Lease Type Net

Space & Availability

Contiguous Space 10,000 SF
Divisible Yes
Floor Ground
Space Use Office

Site & Location

Highway Access Yes
Public Transit Yes

Building Details

Building Size 10,000 SF
Year Built 2026
Units 1
Listing Agency: Nicholas Real Estate Agency
Listed By: Nicholas Tselepis · License #7821189
Source: Cammarotarealestate
Added: Oct 21, 2025 Changed: Oct 22 Last Checked: Oct 22 at 2:17PM

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 Agency

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Investment Insights

Based on property information with market context.

Scheduled for completion in 2026, this ground-level retail space totals 10,000 square feet and can be subdivided. Build-out options are available, and the ceiling height is approximately 10 feet. The property is zoned MU.

Potential uses identified for the space include retail, medical, legal, pharmacy, and office. Restaurant use is excluded. The property is described as close to major highways and transportation.

Key Highlights

  • 10,000‑square‑foot ground‑floor space
  • Subdividable configuration with build‑out options
  • Approximately 10‑foot ceiling height

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Tech Support Center Pet Grooming Service Nursing Home

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,508
Businesses Nearby

Demographics for 07524, NJ

14,130
Population
4,670
Households
3
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
0.8 sq mi
ZIP Area
17,663
Density / Sq Mi
$50,033
Median Household Income
$31,934
Median Earnings
$1,386
Median Rent
$360,200
Median Home Value
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Market

Lease Benchmarks for Paterson, NJ

$31.08 /SF/Yr
Avg Asking Price
$19.2–$44.44 /SF/Yr
Price Range
2,493 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The ground-floor premises can be divided into smaller suites.
Where is this retail space located?
The property is located at 587 River St Paterson, NJ.
What are key features of this property?
This property features: 10,000‑square‑foot ground‑floor space; Subdividable configuration with build‑out options; Approximately 10‑foot ceiling height
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