Multi-Tenant Industrial
New
For Sale
$10,500,000
730-736 Madison Ave, Paterson, NJ 07501
The renovated facility is fully occupied and combines multiple industrial tenancies with substantial loading capacity.
Property Size51,600 SF
Lot Size1.36 Acres
Price / SF$203.49
Days on Market5
Property Features for 730-736 Madison Ave
General Information
Standard status
Active
Size
51,600 SF
Class
Class B
Lot size
1.36 Acres
Property subtype
Warehouse
Occupancy
100%
Warehouse & Industrial
Clear Height
24 ft
Dock-High Doors
5
Drive-In Doors
6
Additional Details
Cap Rate
6.61%
Highway Access
Yes
Tenant in Place
Yes
Property Use
Industrial
Amenities
The building includes 6 drive-in doors and 5 dock-high loading doors, supporting flexible logistics. Clear ceiling heights range from 14 to 24 feet, enhancing warehouse functionality.
Situated on a 1.37-acre corner lot at Madison and 16th Avenue, the site offers 159 feet of frontage along Madison. It has average accessibility, visibility, and moderate traffic flow.
Constructed with a reinforced concrete foundation and brick/block masonry exterior, the structure features a flat built-up roof and tempered glass windows. No basement is present.
Strategic Northern New Jersey Infill Location: Immediate proximity to Routes 4, 17, 23 and 46 and Interstates 80 and 95 provides strong access throughout the Tri-State region.
Building Details
Building Size
51,600 SF
Year Built
1920
Year Renovated
2022
Buildings
1
Construction
brick/block masonry
Tenancy
Multi
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Scott Geller · License #License(s): NJ: 1649748
(201) 742-6167
Source:
Marcusmillichap
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 12:48PM
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 Marcus & Millichap - New Jersey
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Investment Insights
Based on property information with market context.
This 51,600-square-foot industrial warehouse occupies approximately 1.364 acres and is fully leased to multiple tenants. Built in 1920 and renovated in 2022, the building has one- and partial two-story sections, with office space accounting for approximately 6% of the area. Loading is served by six drive-in doors and five dock-high doors, while clear heights range from approximately 14 to 24 feet. Reinforced concrete foundations and brick and block masonry complete the building’s construction profile.
The Paterson property provides access to Routes 4, 17, 23 and 46, as well as Interstates 80 and 95. Nearby retail, restaurants and other amenities serve the surrounding area.
The Paterson property provides access to Routes 4, 17, 23 and 46, as well as Interstates 80 and 95. Nearby retail, restaurants and other amenities serve the surrounding area.
Key Highlights
- 51,600‑square‑foot building on approximately 1.364 acres
- Fully leased to multiple industrial tenants
- Six drive‑in doors and five dock‑high loading doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$712,427
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,248,540
$14.2M
Cap Rate 7%
$10,177,529
$10.2M
Cap Rate 9%
$7,915,856
$7.9M
Market Conditions
NOI Build-Up for 51,600 SF
Gross rent
$891.6K $17.28/SF
− Vacancy
−$53.5K −$1.04/SF
EGI
$838.1K $16.24/SF
− OpEx
−$125.7K −$2.44/SF
NOI
$712.4K $13.81/SF
Area
Paterson, NJ
Vacancy
6.00%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,248,540
Cap Rate 7%
$10,177,529
Cap Rate 9%
$7,915,856
Alternative Uses
Best Use
Warehouse
$10.18M
$8.91M – $11.87M
NOI $712,427 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.47M
$11.79M – $15.72M
NOI $943,165 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
24 ft
Clear height
5
Dock-high doors
6
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,301
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Northeast region
Similar Off Market Nearby
- All-Stor Self Storage — 24 Beckwith Ave, Paterson, NJ 07503
- Self-Storage at U-Haul — 838 Market St, Paterson, NJ 07513
- The Padded Wagon of New Jersey — 61 State St, Paterson, NJ 07522
- ULockStore — 62 State St, Paterson, NJ 07501
- Self-Storage at U-Haul — 426-440 Grand St, Paterson, NJ 07505
Frequently Asked Questions
What type of property is this?
Warehouse - The renovated facility is fully occupied and combines multiple industrial tenancies with substantial loading capacity.
Where is this warehouse located?
The property is located at 730-736 Madison Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: 51,600‑square‑foot building on approximately 1.364 acres; Fully leased to multiple industrial tenants; Six drive‑in doors and five dock‑high loading doors
