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    568 Madison Ave Paterson, NJ 07514

    Sponsored
    For Lease
    $216 SF/Yr

    9,126 SF Warehouse, Great Potential

    Lot size:
    9,126 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,126 square foot, two-story brick warehouse located at 568 Madison Avenue in Paterson, New Jersey, presents a unique investment opportunity. The property sits on a 0.39-acre lot and features high ceilings (20' x 12'), ample parking, and convenient access. The building includes a sizable 7,500 square foot paved parking area in front and an additional 5,000 square foot paved and gated lot at the rear, providing substantial space for vehicles and storage. Inside, the warehouse boasts a small office area and two bathrooms, enhancing functionality and convenience. The property is currently equipped with four car lifts and a wheel alignment machine, reflecting its previous use as an auto repair facility. The building benefits from three-phase power, a valuable asset for various industrial applications. The property is zoned R3 and offers significant potential for a variety of uses. The current owner's net profit is $45,000 per month. The property taxes are $3.50 per square foot. This turnkey operation is available for sale, including existing customer books and equipment. Located in a safe residential neighborhood, this property offers a blend of established business and significant upside potential. The property's size, features, and location make it an attractive investment for both established businesses and entrepreneurs seeking a well-equipped space.

    Property Features for 568 Madison Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,126 SF
    Total Rate
    164268

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Size
    9,126 SF
    Rate per SF
    $264

    HighLights

    • 9,126 SF two‑story brick warehouse on a 0.39‑acre lot in Paterson, NJ.
    • Features 20' x 12' high ceilings, ample parking (12,500 SF paved), and convenient access.
    • Includes a small office, two bathrooms, four car lifts, and a wheel alignment machine.
    • Equipped with three‑phase power.
    • R3 zoning allows for diverse uses.
    • Current net operating income (NOI) is $45,000/month; property taxes are $3.50/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    NANDO'S AUTO SERVICE Auto Repair Shop Madison Tires & Wheels Tire Shop

    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
    -74.15290324
    Latitude
    40.92136438

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    FAQs

    What type of property is this?
    Distribution property - 9,126 SF Warehouse, Great Potential
    Where is this distribution property located?
    The property is located at 568 Madison Ave Paterson, NJ.
    What is the lease rate?
    The lease rate is $264 SF/Yr.
    What are key features of this property?
    This property features: 9,126 SF two-story brick warehouse on a 0.39-acre lot in Paterson, NJ.; Features 20' x 12' high ceilings, ample parking (12,500 SF paved), and convenient access.; Includes a small office, two bathrooms, four car lifts, and a wheel alignment machine.
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    568 Madison Ave Paterson, NJ 07514
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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
    568 Madison Ave Paterson, NJ 07514
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