61 Paterson AveHoboken, NJ 07030

This exceptional Hoboken investment property at 61-65 Paterson Avenue presents a compelling commercial development opportunity. The property encompasses two lots totaling 5,119 square feet, strategically located in the heart of downtown Hoboken. One lot features a commercial structure, while the adjacent lot houses a two-family home. Lot sizes are 25x74 feet (Lot 00010) and 50x65 feet (Lot 00008). The existing building offers 5,119 square feet of space, currently configured as a retail storefront and multifamily units (3 total units). This property benefits from its prime location adjacent to a public park, providing convenient access to both local amenities and major transportation arteries. Its proximity to the Light Rail and PATH train offers easy commuting options. The surrounding area is characterized by new luxury developments, reflecting the ongoing growth and desirability of this vibrant neighborhood. This property is part of the Southwest Redevelopment Plan, suggesting significant future development potential. The asking price for this unique mixed-use property is $2,999,999. This presents a rare chance to acquire a substantial holding in a rapidly developing area of Hoboken, New Jersey, with significant upside potential for both immediate income generation and future development. The property's zoning and location make it ideal for a variety of commercial and residential uses.