99 5Th St Paterson, NJ 07524
This exceptional industrial property, located at 99 E 5th Avenue in Patterson, Passaic County, NJ, offers 90,000 square feet of warehouse space, ideal for a single tenant. The building, originally constructed in 1950 and extensively renovated in 2024, boasts a range of desirable features. The space includes a substantial 9,300 square foot second floor accessible via a freight elevator, along with 1,350 square feet of dedicated office space. Ample parking is provided with 25 spaces on-site. High ceilings, ranging from 12 to 30 feet, accommodate various operational needs. The property benefits from two drive-in doors and two tailgates, ensuring efficient loading and unloading. Safety is prioritized with a wet sprinkler system throughout. A significant advantage is the active rail spur, providing direct rail access for shipping and receiving. The electrical system is robust, offering more than 4,000 amps of 240/480v power. The property's 2020 tax rate was $1.80 per square foot. This former Frost King building presents a rare opportunity to acquire a fully renovated, heavy industrial warehouse with exceptional features and convenient rail access.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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