Property profile

209 15th St 215 Paterson, NJ 07524

OFF-MARKET
Industrial properties
Property ID
US59-1799150
9,464 SF 0.23 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 209 & 213 East 15th Street in Paterson, New Jersey, presents a significant opportunity for businesses seeking warehouse space. The property encompasses a substantial 10,000 square feet of single-tenant warehouse space, currently vacant and ready for immediate occupancy. Situated on a 0.23-acre lot, the building boasts impressive 18-foot ceilings, providing ample vertical storage capacity. Three convenient drive-in doors ensure efficient loading and unloading operations. The property is zoned for industrial use, making it ideal for a variety of businesses. Its location in Passaic County, New Jersey, offers easy access to major transportation routes, facilitating seamless logistics and distribution. The entire 10,000 square feet is available for sale or lease, presenting a flexible option for potential buyers or tenants. This is a rare opportunity to acquire a well-located, spacious warehouse in a thriving industrial area. The property's features and strategic location make it an attractive investment for businesses seeking to establish or expand their operations in the Paterson area. Contact us today to learn more about this exceptional property and explore the possibilities. Zip code is 07524.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction BRICK
Total area 9,464 SF
Lot 0.23 ac (10,000 SF)
Zoning code I-1
APN 08 02806-0000-00002- 01
UPID US59-1799150

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

209 15th St, Unit 215 Paterson, NJ 07524-2524
Paterson metro Census 181102 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
$484k
Blend (final) Blend
$425k

Owner & transaction history

since 2024
Last sale
$590,000
4 recorded transactions
2024
$1.1M
2024
$590,000
2006
$30,000
1969
Price N/A

Zoning & alternative use

I-1 · Paterson, NJ
Zoning description

J. I‐1 Light Industrial District: The intent of the I‐1 Light Industrial District is to provide for a wide variety of light manufacturing, fabricating, processing, wholesale, distribution and warehousing uses in a settin…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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