738-756 Broadway Paterson, NJ 07514
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.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.