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    417 8Th Ave Paterson, NJ 07514

    Sponsored
    For Sale
    Contact for pricing

    3.01 Acres, Ideal Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.01-acre commercial land parcel presents a remarkable opportunity for developers and investors seeking a prime location in Paterson, New Jersey. Situated at 417 Eighth Avenue, Galloway, Atlantic County, NJ 07514 (latitude 40.9279385, longitude -74.1431414), this property offers significant potential for various commercial ventures. The expansive lot size provides ample space for a wide range of development projects, allowing for substantial buildable area and flexibility in design. Its strategic location within Paterson offers excellent accessibility and visibility, ensuring high traffic flow and potential for strong returns on investment. The property is zoned for commercial use, simplifying the development process and minimizing potential delays. This is a rare opportunity to acquire a large, well-situated commercial land parcel in a thriving New Jersey market. The property's size and location make it suitable for a variety of commercial developments, from retail spaces and office buildings to industrial facilities or mixed-use projects. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Detailed zoning information and site plans are available upon request. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly growing area. Act quickly, as opportunities like this are seldom available.

    Property Features for 417 8Th Ave

    General Information

    Property type
    Land
    Lot Size
    131,116 SF

    HighLights

    • 3.01‑acre commercial land parcel.
    • Located at 417 Eighth Avenue, Galloway, NJ 07514.
    • Atlantic County, New Jersey location.
    • Zoned for commercial use (zoning information not provided, buyer to verify).
    • Property is For Sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Atlantic
    State
    New Jersey
    Longitude
    -74.1431414
    Latitude
    40.9279385

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    FAQs

    What type of property is this?
    Land - 3.01 Acres, Ideal Development
    Where is this land located?
    The property is located at 417 8Th Ave Paterson, NJ.
    What are key features of this property?
    This property features: 3.01-acre commercial land parcel.; Located at 417 Eighth Avenue, Galloway, NJ 07514.; Atlantic County, New Jersey location.
    (856) 222-3032
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    417 8Th Ave Paterson, NJ 07514
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    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
    417 8Th Ave Paterson, NJ 07514
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