Mixed-Use Building with Retail
For Sale
$999,000
Pending
89 Market St, Paterson, NJ 07505
Five-unit building with a long-standing liquor store/bar on the ground floor and four apartments above.
Property SizeContact for details
Days on Market96
Property Features for 89 Market St
General Information
Standard status
Pending
Property subtype
Commercial
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$18,545
Building Details
Year Built
1910
Stories
3
Units
5
Listing Agency:
SERHANT NEW JERSEY LLC
(973) 461-3118
Listed By:
RYAN PALIANTO
Source:
Elliman
Added: May 9
Changed: Aug 8
Last Checked: Aug 12 at 9:43AM
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 SERHANT NEW JERSEY LLC
Investment Insights
Based on property information with market context.
This five-unit mixed-use building includes a long-standing liquor store/bar on the ground floor, with residential apartments above. The upper level consists of four units: two 2-bedroom apartments and two 1-bedroom apartments. As of 4/1/2026, one of the 2-bedroom apartments will be vacant, creating an opportunity for renovation and immediate re-leasing as referenced in the remarks (targeting $1,600). One of the remaining residential units has already been updated, while the others present value-add potential. All separate utilities are noted, and the building layout is described as efficient. The property is being sold strictly as-is.
The retail/bar space is described as having strong visibility along Market Street. WalkScore is reported at 82 (very walkable), BikeScore at 52 (bikeable), and TransitScore at 61 (good transit), supporting day-to-day convenience for residents and customers in the area.
The retail/bar space is described as having strong visibility along Market Street. WalkScore is reported at 82 (very walkable), BikeScore at 52 (bikeable), and TransitScore at 61 (good transit), supporting day-to-day convenience for residents and customers in the area.
Key Highlights
- 5‑unit mixed‑use building built in 1910 with liquor store/bar on the ground floor and 4 apartments above
- 2‑bed and 1‑bed unit mix: two 2‑bedroom apartments and two 1‑bedroom apartments
- One 2‑bedroom apartment will be vacant as of 4/1/2026, with noted ability to rent for $1,600
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,442
Businesses Nearby
Explore this area
Business Placement
Demographics for 07505, NJ
3,215
Population
1,692
Households
1.9
Avg Household Size
38
Median Age
12%
College-Educated
71%
High-School Grad
0.2 sq mi
ZIP Area
16,075
Density / Sq Mi
$33,311
Median Household Income
$33,520
Median Earnings
$1,113
Median Rent
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-unit building with a long-standing liquor store/bar on the ground floor and four apartments above.
Where is this mixed-use property located?
The property is located at 89 Market St Paterson, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 5‑unit mixed‑use building built in 1910 with liquor store/bar on the ground floor and 4 apartments above; 2‑bed and 1‑bed unit mix: two 2‑bedroom apartments and two 1‑bedroom apartments; One 2‑bedroom apartment will be vacant as of 4/1/2026, with noted ability to rent for $1,600
