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Property profile

738-756 Broadway Paterson, NJ 07514

OFF-MARKET
Office Spaces
15,000 SF 5 ac lot Built 1979
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Property summary

AI-generated overview

This exceptional 15,000 square foot medical office building, situated on 5 acres in the Pater submarket, presents a unique investment opportunity. Constructed in 1979 and extensively renovated in 2022, the property boasts a Class C rating and offers a total of 42 parking spaces. The building comprises one two-story structure with seven individual suites, currently featuring 1,958 square feet of immediately available space. The minimum divisible space is 1,958 square feet, and the maximum contiguous space available is also 1,958 square feet. Recent renovations encompassed both the exterior, including the parking lot, and the interior, with upgraded finishes, plumbing, electrical systems, security enhancements, and improved access. The available space previously served as a physical therapy office, offering a ready-made layout for similar medical practices. The building features 8-9 foot ceilings. Annual property taxes are $2 per square foot. This property is ideal for medical professionals seeking a modern, well-maintained space in a convenient location. The building's recent upgrades ensure efficiency and a comfortable environment for both patients and staff.

Property profile

Verified
Property type Office Spaces
Year built 1979
Total area 15,000 SF
Lot 5 ac (217,800 SF)

Cap rate & NOI

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

Location

738-756 Broadway Paterson, NJ 07514
Paterson metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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