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    24 Elm St Paterson, NJ 07501

    Sponsored
    For Lease
    $144 SF/Yr

    3,600 SF, Newly Renovated, 5 Parking Spaces

    Lot size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,600-square-foot office building at 24-30 Elm Street in Paterson, New Jersey, presents a unique opportunity for a single tenant. Located in the vibrant waterfall district of downtown Paterson, this property boasts a highly desirable location, just two blocks from Route 80, ensuring easy access and high visibility. The building underwent a complete gut renovation in 2024, resulting in a modern and versatile space ready for immediate occupancy. The flexible layout is suitable for a wide range of uses, including traditional office space, creative office environments, or medical offices. Potential tenants could include churches, daycare centers, doctor's or lawyer's offices, general office businesses, dance studios, martial arts facilities, community-based organizations, or small workshops. The property includes five convenient on-site parking spaces, a significant advantage in a bustling urban setting. With its prime location, recent renovation, and ample parking, this property offers an unparalleled opportunity for a discerning tenant seeking a modern and functional workspace in the heart of Paterson. The building's address is 24-30 Elm Street, Paterson, NJ 07501.

    Property Features for 24 Elm St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,600 SF
    Total Rate
    43200

    Building Details

    Year Renovated
    2024

    Unit(s) available at that property

    Space
    Size
    3,600 SF
    Rate per SF
    $144

    HighLights

    • 14' ceiling heights.
    • $3,600/month modified gross rent.
    • On‑site parking for five vehicles.
    • Building facade recently updated.
    • Completely gut renovated in 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.175452588197
    Latitude
    40.914660271733

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    FAQs

    What type of property is this?
    Medical office - 3,600 SF, Newly Renovated, 5 Parking Spaces
    Where is this medical office located?
    The property is located at 24 Elm St Paterson, NJ.
    What is the lease rate?
    The lease rate is $144 SF/Yr.
    What are key features of this property?
    This property features: 14' ceiling heights.; $3,600/month modified gross rent.; On-site parking for five vehicles.
    Request Owner's contact information
    24 Elm St Paterson, NJ 07501
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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
    24 Elm St Paterson, NJ 07501
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