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    16 Bloomfield Ave Paterson, NJ 07503

    For Sale
    Contact for pricing

    Manufacturing building, 3,000 sq ft, 0.9 acres

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Paterson, New Jersey industrial property presents a unique investment opportunity. The 3,000 square foot building sits on a sizable 0.9-acre lot, offering ample space for various operations. Currently configured as an auto repair and salvage yard, the property is zoned for this specific use, providing immediate operational potential. The single-story building features a 12-foot ceiling height, providing excellent vertical clearance for storage or equipment. The property's address is 16 Bloomfield Avenue, Paterson, NJ 07503, conveniently located within Passaic County. Its strategic location offers easy access to major transportation routes, enhancing logistical efficiency. This property is ideal for established businesses seeking expansion or entrepreneurs looking to establish a new venture in a well-defined industrial zone. The sale is directly from the owner, offering a streamlined transaction process. The property's size and zoning make it suitable for a range of industrial uses, presenting a versatile investment opportunity with significant potential for future growth and development. Serious inquiries are encouraged to explore this promising property further.

    Property Features for 16 Bloomfield Ave

    General Information

    Property type
    Manufacturing properties
    Square Feet
    3,000 SF
    Lot Size
    39,204 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 3,000 SF industrial building on a 0.9‑acre lot in Paterson, NJ.
    • Single‑story manufacturing building.
    • Zoned for auto repair/salvage.
    • 12' ceiling height.
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    H&A Auto Parts Car Dealer GI auto parts Used Auto Parts Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.16516551
    Latitude
    40.89436183

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    FAQs

    What type of property is this?
    Manufacturing property - Manufacturing building, 3,000 sq ft, 0.9 acres
    Where is this manufacturing property located?
    The property is located at 16 Bloomfield Ave Paterson, NJ.
    What are key features of this property?
    This property features: 3,000 SF industrial building on a 0.9-acre lot in Paterson, NJ.; Single-story manufacturing building.; Zoned for auto repair/salvage.
    Request Owner's contact information
    16 Bloomfield Ave Paterson, NJ 07503
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    Paterson, NJ 07503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 Bloomfield Ave Paterson, NJ 07503
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