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Storefront Property with Upper Storage
New
For Sale
$500,000

61 Washington St, Paterson, NJ 07501

Two-level commercial building with approximately 12,000 square feet and a renovation requirement.

Property Size12,000 SF
Price / SF$41.67
Days on Market2

Property Features for 61 Washington St

General Information

Standard status Active
Size 12,000 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $42,000

Building Details

Building Size 12,000 SF
Year Built 9999
Stories 3
Listing Agency: Nicholas Real Estate
Listed By: NICHOLAS TSELEPIS · License #7821189
Source: Elliman
Added: Aug 21 Changed: Aug 22 Last Checked: Aug 22 at 11:08AM

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 Nicholas Real Estate

Investment Insights

Based on property information with market context.

This commercial storefront property at 61 Washington St in Paterson includes approximately 12,000 square feet of space, with storage positioned on the upper level. The building requires repairs and is being offered in its current condition.

Walk Score is 85, characterized as Very Walkable. Transit Score is 52, and Bike Score is 50, providing documented walk, transit, and bicycle accessibility measures for the property.

Key Highlights

  • Approximately 12,000 square feet of commercial space
  • Upper‑level storage area
  • Property requires repairs

Property Analytics

Current Use

Smoke-Stock & Chimney Season_NJ, ... Home Inspector

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Nursing Home Veterinary Clinic Garden Center Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,437
Businesses Nearby
149k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 52% Shops & Services 33% Groceries 8% Apparel 7%
Wendy's Dining
26,654 visits/mo 0.1 miles
Dollar Tree Shops & Services
17,775 visits/mo 0.2 miles
Checkers Dining
13,508 visits/mo 0.4 miles
Golden Mango Groceries
11,388 visits/mo 0.3 miles
Popeyes Louisiana Kitchen Dining
9,276 visits/mo 0.3 miles

Demographics for 07501, NJ

37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Two-level commercial building with approximately 12,000 square feet and a renovation requirement.
Where is this storefront property located?
The property is located at 61 Washington St Paterson, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 12,000 square feet of commercial space; Upper‑level storage area; Property requires repairs
More about this property
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