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    72 2Nd Ave Paterson, NJ 07514

    For Sale
    $3,999,000

    30,000 SF Warehouse, Two Stories, Excellent Location

    Property size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional industrial property, located at 72 2nd Ave in Paterson, New Jersey, offers 30,000 square feet of warehouse space, ideally suited for a variety of businesses. The asking price is $3,999,000, translating to a price per square foot of $133.30. The building boasts a two-story design, providing ample storage and operational space. The ground floor features approximately 25,000 square feet of warehouse space, complemented by 5,000 square feet on the second floor, adaptable for office use or additional storage. Ceiling heights range from 14 to 18 feet, accommodating various storage and operational needs. Efficient loading and unloading are facilitated by two drive-in doors and one loading dock. Furthermore, a basement area offers additional storage capacity. The property is situated in Passaic County, New Jersey, with the zip code 07514. This prime location offers excellent access to major transportation routes, making it an attractive option for businesses requiring efficient logistics and distribution capabilities. The first floor also includes office space. This warehouse presents a compelling investment opportunity in a thriving industrial market.

    Property Features for 72 2Nd Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    30,000 SF

    Building Details

    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Scott's Oil Tank ... Environmental Consultant C Marino Inc Warehouse

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.145592432422
    Latitude
    40.938889344123

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    FAQs

    What type of property is this?
    Distribution property - 30,000 SF Warehouse, Two Stories, Excellent Location
    Where is this distribution property located?
    The property is located at 72 2Nd Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $3,999,000.
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    72 2Nd 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
    72 2Nd Ave Paterson, NJ 07514
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