70-74-74 Prospect St Paterson, NJ 07505

Property Details for 70-74-74 Prospect St

Property type

Commercial real estate

Description

This exceptional investment opportunity encompasses three buildings situated at 70-74-74 Prospect Street in Paterson, New Jersey. The property is classified as "Other," suggesting a versatile use case ideal for a savvy investor seeking to capitalize on its potential. While the precise square footage isn't currently specified, the listing price of $33,000 indicates a significant value proposition for a property of this type in Paterson. The land itself is a compact lot, measuring zero acres, making it suitable for a variety of redevelopment or adaptive reuse projects. Given the location and the price point, this property presents a compelling chance to acquire a foothold in the Paterson real estate market. The absence of detailed square footage information underscores the need for a thorough on-site inspection to fully assess the potential of each building. Investors should be prepared to conduct due diligence, including a comprehensive review of zoning regulations and potential development opportunities. The property's "Other" classification suggests a unique opportunity to create a tailored investment strategy, whether that involves renovation, expansion, or a complete redevelopment. The low price point makes this an attractive entry point for investors seeking a high-return project with significant upside potential. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this unique property offers.

Location Insight

City

Paterson

County

Passaic

State

New Jersey

Longitude

-74.1719

Latitude

40.9172